Brazilian group in talks to sell stake in Angola’s Unitel

14 June 2019

Brazilian group Oi has “been in talks” with potentially interested parties in the purchase of its 25% stake in Angolan telecom operator Unitel, the group said in a market statement.

Oi said it had not received a proposal from state-owned oil and fuel company Sonangol, which controls a 25% stake in that telecom operator.

The international press reported that the Oi group had received two proposals to buy Unitel, one of which made by Isabel dos Santos, who also controls 25% of Unitel, which is worth US$850 million.

The second proposal was reported to have been from Sonangol and worth US$1 billion and purportedly submitted to the Board of Directors by the CFO and Investor Relations Officer Carlos Brandão at a meeting on 29 May. (Macauhub)