Ver Angola

Telecommunications

IGAPE launches tender to privatize state participation in Net One

The Instituto de Gestão de Activos e Participações do Estado (IGAPE), as part of the 2019-2022 Privatization Program, has launched a tender to privatize the state's stake in Net One.

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"The Instituto de Gestão de Activos e Participações do Estado, as the state entity responsible for implementing the Privatisation Programme, today [Friday] began the Limited Tender by Prior Qualification for the privatisation of the stake held in the commercial company Net One," a statement sent to VerAngola said.

According to the statement, the tender is limited by prior qualification, which aims for the "privatisation of a 51 percent stake in the share capital of Net One, owned by MS Telcom S.A, under Law No. 10/19 of 14 May - Privatisation Framework Law.

National and international investors, duly qualified, can participate in the contest," the note indicates.

Those interested in participating can send their applications until 3pm on June 25th of this year. The candidates must follow the requirements foreseen in the Privatization Procedure Program that can be consulted on IGAPE's website.

Net One was established in September 2009, operating in the telecommunications sector.