Portugal Telecom’s (PT’s) 25% stake in Angola’s largest mobile operator Unitel is among ‘assets available for sale’ listed in a quarterly report submitted to Brazil’s Securities Market Commission by Brazilian operator Oi, which is in the process of merging with PT. An article in Portuguese newspaper Jornal de Negocios said that Oi/PT are in negotiations with unnamed parties on how to divest the Unitel shareholding. As reported by MacauHub, Oi indicated that the PT group had received no dividends from Unitel since 2013 and that the stake’s fair value was around USD1 billion. TeleGeography notes that PT owns a 75% stake in holding company Africatel, which in turn owns 25% of Unitel, with three other Angolan shareholders MSTelcom, Vidatel and Geni each owning 25% stakes, while the largest individual shareholder (with direct and indirect stakes in at least three of the aforementioned entities) is billionaire businesswoman Isabel dos Santos, the daughter of Angolan president Jose Eduardo dos Santos.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors