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A consortium of Dubai Technology & Media Free Zone Authority (Tecom) and Dubai Investment Group (DIG) has outbid France’s Vivendi Universal to acquire a 35 per cent stake in state-owned fixed line and mobile operator Tunisie Telecom. Tecom-DIG offered TD 3,050 million ($2,253 million), 10.9 per cent above Vivendi’s final offer of TD 2,760 million ($2,031 million). Vivendi was expected to win the stake, initially estimated to be worth $1,566 million.