PT to create African holding company

31 Jul 2007

Portugal Telecom (PT) is setting up a EUR1 billion holding company for its African investments. The new firm will gather together PT’s stakes in Unitel (Angola), Teledata (Mozambique) and CV Telecom (Cape Verde), plus additional interests in Namibia and Botswana. A report from Thomson Financial, which quotes an article in Expresso, made no mention of PT’s joint venture in Morocco, Medi Telecom.