Tender launched for 51% Net One stake

1 Jun 2021

Angola’s State Assets & Participations Management Institute (Instituto de Gestao de Activos e Participacoes do Estado, IGAPE) has issued an invitation for applications from potential investors in the privatisation of a 51% ownership stake in fixed-wireless and satellite broadband operator Net One, setting a deadline for submissions of 25 June 2021. IGAPE’s release confirms that the ‘contest by prior qualification’ is open to foreign investors, and applications require a bank guarantee or surety bond for 5% of the value of the financial offer.

The 51% stake up for sale is directly owned by fixed telecoms operator MSTelcom, itself wholly owned by Angolan state oil group Sonangol. TeleGeography’s GlobalComms Database notes that the Net One ownership contest was authorised by Presidential Order No. 186/20 of 29 December 2020, while similar orders authorised upcoming stake sales of 49.27% in fibre/cable multi-play operator TV Cabo Angola (held via wholly state-owned Angola Telecom [AT]) and 90% in corporate broadband provider Multitel (held via Sonangol [40%], AT [30%] and Banco de Comercio e Industria [BCI, 20%]).

Angola, MSTelcom, Net One