Sonangol earmarks 25% stake in Unitel for sale

20 Nov 2018

Angolan state-owned oil and gas company Sonangol plans to sell its indirect 25% stake in the country’s largest mobile operator by subscribers Unitel by the end of December 2019, according to the group’s chairman Carlos Saturnino, quoted by MacauHub. Unitel’s ownership is currently split four ways equally between Angolan shareholders Vidatel, Geni and Sonangol via its telecoms subsidiary Mercury Telecom (MSTelcom) alongside PT Ventures (itself 86% owned by Brazilian telco Oi via Africatel Holdings). TeleGeography notes that Oi intends to divest its Unitel stake pending an international arbitration decision which is due by the end of 2018.

Sonangol’s restructuring programme was approved in September, with the aim of refocusing on its core oil/gas business, involving the sale of stakes in various companies including Unitel.

Angola, MSTelcom, Oi, Unitel (Angola)