The Tunisian telecommunications company (SOTETEL), subsidiary of the Tunisian Telecom Group, is in the doldrums on the Tunisian Stock Exchange, where on Monday 7 September, the value of its shares experienced its biggest daily drop (-5.7%), reaching at the same time its lowest historical level at 1.5 dinars. 

This is a long way from the years 2000 to 2001, when SOTETEL share reached 126 Tunisian dinars, before beginning a decline that has never been reversed. The company is experiencing difficulties and announced last June a restructuring plan whose news are still awaited on the market. Added to this uncertainty, the figures for the first semester of 2015 have not been reassuring.

In its activity indicators relative to this period, recently published and late by a month, it appears that its turnover has increased by 5% to 16.9 million dinars against 16.1 million dinars in the previous year. But at the same time, its operating expenses have exploded by 14% reaching 21 million dinars. The poor showing is such that certain financial operators did not hesitate to request a suspension of trading its stock. A decision which is all the more sensitive because the capital structure of the company is comprised of 60% floating stock.