Tunisie Telecom Acquires Topnet

It was officially announced in Tunis last Monday that Tunisie Telecom, Tunisia's incumbent operator has acquired TopNet, one of the country's providers of Internet access and broadband Internet network (ADSL) in Tunisia. The amount of the acquisition was not immediately released. Under the agreement signed on Monday between Montasser Ouaili, CEO of Tunisie Telecom, and Mehdi Khemiri, the CEO of TopNet, the company becomes a subsidiary of Tunisie Telecom. Ouaili stressed that the acquisition meets the demands of Tunisian customers for a better quality and range of internet services. By purchasing Topnet, Tunisie Telecom is also seeking to strengthen its leadership in the country, he added. For his part, Mr. Mehdi Khemiri remarked that this acquisition is the culmination of a longstanding partnership with Tunisie Telecom. Mrs. Feriel Beji, has been appointed as the new CEO of Topnet.