Expansao reports that Angola’s government is negotiating with an unnamed African investor on a proposed sale of a stake in struggling mobile operator Movicel. According to the report, the deal under consideration could include management control, with talks said to be at an ‘advanced’ stage. TeleGeography’s GlobalComms Database notes that state-owned Angola Telecom holds an 18%...
Angolan private sector investment company GAFP Investimentos e Participacoes (GAFP) has become the largest shareholder in the country’s second largest mobile operator Movicel, with a 38% direct stake, Expansao reports. Furthermore, state-owned fixed line operator Angola Telecom (AT) has retaken the 18% stake in Movicel it previously relinquished. Movicel owes significant debts to AT, which had threatened...
