Movicel sold to Russian entrepreneurs!?

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According to the news site Economic value, the operator Movicel it will have sold part of its shares to a Russian-owned company, according to the latest information, creating a climate of apprehension and concern among workers about their future.

The rumors that have emerged indicate that the operator's workers are unaware of the percentage of shares that will have been sold to Russian businessmen. Although the company's management has so far not commented, there are news reports that the company's strategic position remains in the hands of national investors.

Movicel was owned by the Angolan State, represented by Angola Telecom, with 99% of the shares, and Correios de Angola with 1% and was privatized in 2009 in a business that at the time was evaluated in $200M monthly, in favor of Portmil Investments (40%), Comunicare (19%), Ipang (10%), Lambda Investments (6%) and Novatel SA (5%) and Angola Telecom (18%) and Correios de Angola (2 %).

"Certain employees have already started to show a certain concern about their future, since there is talk of closing stores and the ongoing process of reducing staff. A study by research firm MIRA, which affects the Ucall group, released last year, indicates that Movicel has a disapproval rate by customers of 11,2%.”- also mentions the Valor Económico portal.

However, the Less wires continues to monitor the progress of this matter and we request official information from Movicel in relation to the matter, if we have a positive feedback, we will share.

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