Angola selling stakes in eight telecoms operators in 2019-2022

16 August 2019

Mergers, Acquisitions and Financial Results

Angolan state-held stakes in 195 companies will be sold between 2019 and 2022 under the country’s latest Privatisation Programme, including eight telecoms operators, Jornal de Angola reports. The programme published in the official state bulletin earmarks a total of 175 share sales via public tender, eleven public auctions and nine Initial Public Offerings (IPOs). This year alone the government aims to launch 80 public tenders and one IPO, followed by 81 tenders, six auctions and three IPOs in 2020.

Alongside high profile stake privatisations at companies such as oil group Sonangol, BCI-Bank of Commerce & Industry, diamond mining firm Endiama and airline TAAG, the telecoms operators included in the Privatisation Programme are: Angola Telecom (AT), MSTelcom, Net One, Unitel, TV Cabo Angola, Multitel, Angola Cables and Angola Comunicacoes e Sistemas (ACS). Shares are also up for sale in telephone directory company ELTA and postal operator ENCTA.

Source: Telegeography