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Angolan government announces tender for Unitel shareholders

November 18, 2022
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The Angolan government will open an international tender for new shareholders of the telecommunications company Unitel, announced the Minister of Natural Resources, Oil and Gas, Diamantino Azevedo.

Within the framework of the nationalization of some companies underway in the country, the shares of two Unitel shareholders were recently transferred to the sphere of the Angolan State.

Speaking to the press, this Friday, in Oslo (Norway), the official said that this step was aimed at protecting “strategic assets” for the telecommunications sector in Angola.

The measure, according to the minister, also aims to protect and ensure greater stability and efficiency to the mobile phone company, which has Sonangol as one of its main shareholders.

The company currently has more than 12 million customers. It operates in almost the entire extension of the national territory and occupies a market share of 80% and provides its customers with 2G, 3G and 4G services in most provinces.

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Tags: PrivatizationUNITEL

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