Tunisian state-owned Tunisie Telecom may not be able to go ahead with an investor roadshow for its planned listing in Paris and Tunis due to the political situation, investment and banking sources said on Monday.

Tunisia was expected to announce a new government on Monday after President Zine al-Abidine Ben Ali was forced from power following weeks of violent street protests.

Tunisie Telecom was due to hold investor meetings in London, Paris and Switzerland in the next week, the sources added.

Tunisia's government holds a 65 percent stake, with the rest held jointly by Dubai's TECOM Investments and Dubai Investment Group.

The state of emergency and departure of the president will clearly delay the Tunisie Telecom IPO (initial public offering), said Daniel Broby, chief investment officer at Silk Invest.

The advisers to the IPO will, in our opinion, have to err on the side of caution and delay to the second quarter or beyond.

The global lead manager is Credit Suisse, with several Tunisian brokers also involved, sources said. A Credit Suisse spokeswoman declined comment.

Mark Howard, head of equities at BMCE Bank International, said it was unclear if the IPO would go ahead.

Tunisie Telecom may be put off by what valuation they think they can get, though most of the people we talk to on North Africa think this might be the greatest buying opportunity. It's a wake-up call for these regimes to pump-prime their economies.

The listing was to be the first offering by a Tunisian company on a European bourse, and the company said last month it had lodged documents with the regulators of the two exchanges.