Angola Telecom’s valuation for partial privatisation is in the final phase

3 August 2018

The valuation of Angola Telecom’s assets for the privatisation of 45% of its capital is in its final phase, said Minister of Telecommunications and Information Technologies, José Carvalho da Rocha, on Thursday in Luanda.

Angola Telecom, a public telecommunications and multimedia company, founded in 1992, has already received a Unified Global Title from the State, which qualifies it as the third national operator of the mobile telephone network, as well as to provide any electronic communications service based on any kind of technology.

The minister said that the government intends to start the process of partial privatisation of Angola Telecom, as soon as the winner of the tender for the fourth mobile operator is announced.

Angola Telecom, which was the result of the merger of state-owned companies Enatel (Empresa Nacional de Telecomunicações) and Eptel (Empresa Pública de Telecomunicações), has been managed since 2016 by an interim commission, which provides commercial voice and data services, but with negative financial results.

José Carvalho da Rocha, quoted by Portuguese news agency Lusa, said of the tender for the fourth mobile operator that 18 proposals had been received from national companies and nine from foreign companies.

The mobile telecommunications market in Angola has more than 11 million registered cards, controlled by private carrier Unitel, the largest Angolan operator, by Movicel, which is also private, and Angola Telecom. (macauhub)