Government moving forward with Angola Telecom privatisation
9 February 2018
Jornal de Angola reports that state-owned fixed network operator Angola Telecom (AT) is undergoing formal evaluation of its financial condition and assets as a pre-requisite for its upcoming part-privatisation.
Recall that in November 2017 the Angolan government disclosed a plan to privatise a 45% stake in AT, with a target date of March 2018. Jornal de Angola indicates that the plan remains on course, and that the government intends to publicly float part of the telco’s share capital on the local stock market to broaden its investment base whilst ensuring greater transparency in monitoring the company’s performance.
Up to around 30 state enterprises are being evaluated on a case-by-case basis for potential privatisation by a multi-sector commission, with AT jumping to the front of the queue as a priority.