Africa Monitor

Africa Monitor Intelligence

Angola: Lourenço Family Covets Telecom Sector

In sector circles and Unitel itself, there has been a growing belief that the company's privatization process is being conducted in such a way that the ST consortium is left with the stake currently held by Sonangol. The government had initially announced its intention to launch an international tender for privatization. Unitel is considered a “strategic asset”, holding a share of more than 2/3 of the market, which has recently been eroded due to the growth of new competitor Africell. READ MORE