PT resists pressure to sell stake to government

10 Jul 2006

According to local newspaper Público, Portugal Telecom (PT) has rejected calls from Angolan ministers to sell its 25% stake in Unitel back to the government. Instead, PT expressed a desire to increase its holding to 50%. However, this has been rejected by the government as it wants to acquire PT’s stake in order to launch a stock market flotation for Unitel.

Angola, Unitel (Angola)