Dos Santos shows further interest in Telecel stake - report

Mergers, Acquisitions and Financial Results

Businesswoman Isabel dos Santos is firming up her interest in the telecommunications sector as she recently sent her representatives to discuss investment opportunities with government officials, Zimbabwe Independent reported. Her representatives are said to have been in the country two weeks ago and to have met senior officials from the Ministry of Information Communication Technology, Postal and Courier Services, according to sources. Her company, Unitel, is believed to be interested in acquiring a stake in Telecel.

Dos Santos herself was in the country recently where she held meetings with several senior government officials, the daily said. ICT deputy minister Win Mlambo would neither confirm nor deny meeting Dos Santos' representatives. There are quite a number of investors interested in the telecoms sector, Mlambo said.

Dos Santos is considered by Forbes magazine to be the richest woman in Africa with a fortune of over USD 3.3 billion. She has interests in a number of telecoms businesses, mainly in Portugal and Angola. According to international media reports, she has interests in Portugal where she owns close to 7 percent of oil and gas firm GalpEnergia along with Portuguese billionaire Americo Amorim, and has a controlling stake in Portuguese cable TV and telecom firm Nos SGPS. Her father is Eduardo dos Santos, the president of Angola.
Source: Telecompaper 13 April 2015