Angola’s State Assets & Participations Management Institute (Instituto de Gestao de Activos e Participacoes do Estado, IGAPE) announced on its website an extension to the deadline for proposals in the public tender of a 90% ownership stake in corporate broadband provider Multitel. IGAPE disclosed that within the scope of Angola’s Privatisation Programme (2019-2022) the deadline for submitting proposals for Public Tender No. 11/2021 has been extended from 11 March to 1 April 2022, arising ‘from the need to increase the time to prepare the conditions of the required requirements and obtain the necessary clarifications, in recognition of the difficulties expressed by some of the entities interested in participating in the tender.’
Multitel is currently owned by Angolan state-run oil group Sonangol (40%), Angola Telecom (30%), Bank of Commerce & Industry (20%) and others (10%).