Tunisie Telecom today announced that its fully owned subsidiary, TT ML Limited, has published the Offer Document in the context of its voluntary offer to all shareholders of GO plc.

The proposed offer follows the announcement issued by GO on 23 May 2016 with regard to the selection of Tunisie Telecom as the final preferred bidder for the company's shares. Tunisie Telecom believes that the proposed transaction presents the group with the opportunity to create a strong trans-Mediterranean telecoms partnership which will support GO's growth opportunities in its domestic market while providing a key centre of excellence for the wider group. It will also provide a number of benefits and attractive synergies for the group, as set out in the Offer Document.  

The voluntary offer gives the option to all shareholders to dispose of their shares in GO at a price of €2.87 a share, if they wish to do so.  The offer is available only to shareholders who are registered on the company's register held at the Central Securities Depositary as at close of business on 17 June 2016.

Nizar Bouguila, Chairman and Chief Executive Officer of Tunisie Telecom, stated: “We are very excited about this transaction as we believe that GO and Tunisie Telecom can achieve more together than they can apart. At the same time, we recognise that GO’s proven history of growth is based upon strong local and customer support in Malta and we are pleased to confirm that it is our intention to maintain GO as a publicly listed company.”

The acceptance period will commence on 24 June 2016 at 08:30 and end on 22 July 2016 at 17:00 (CET).