More Africa NewsAngola: TV Cabo, Multitel, Net One privatisations to be completed by June

February 4, 2021by myles0

In the latest update on Angola’s telecoms privatisation programme, news agency ANGOP reported that the sale of state-held shares in TV Cabo, Multitel and Net One will be completed ‘between May and June’ this year, according to Joao Tavares, head of the Privatisation and Company Restructuring Department of the State Assets and Participations Management Institute (IGAPE). Portfolios for the three companies have been presented to potential investors and steps are underway to hire banks for financial intermediation.

Furthermore, ANGOP reported that IGAPE held a market consultation session on the upcoming privatisations of stakes in other telecoms companies, namely Unitel, Angola Telecom, MSTelcom and ACS.

Source: Commsupdate

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