Sonangol's stake in Unitel may be bought by other shareholders of the company

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It has recently been advanced that 10 telecommunications companies will be privatized until 2022, including Unitel, MS Telecom, Net One, Multitel, Angola Telecom, TV Cabo Angola, Angola Cables, ENCTA - Angola National Post and Telegraph Company, ACS - Angola Communications and Systems and ELTA - Telephone Directory Company of Angola.

In the case of Unitel, the shareholders (Oi - PT Ventures, Vidatel and Geni) may exercise their preemptive right in the purchase of the 25% stake that Sonangol holds in the operator and which it will sell through public tender, the oil company's PCA revealed yesterday.

Second Sebastião Gaspar Martins (PCA from Sonangol), who was speaking at the public presentation session of the privatization program for the 2019-2022 (PROPRIV) period, explained that the option for the tendering procedure, which should be launched in 2020 is due to the fact that “no we still have a sense of the value ”of the company, and of the need to“ take into account the interests of the state and other partners ”.

also Patrick Vilar (Bodiva's chairman said that, since the state had a stake of only 25% in the mobile operator via Sonangol, it could not decide on a privatization via the stock market alone, so we opted for a public tender ”.

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