Ver Angola


Unitel calls shareholders to a general meeting to elect a new director

Unitel called the company's shareholders to an extraordinary general meeting on 22 September, the sole point of which is the election of a member of the board of directors.


In the notice published this Friday in the Jornal de Angola, Unitel informs that the meeting will be held simultaneously at its headquarters in Luanda and by videoconference.

The businesswoman Isabel dos Santos left her place in the administration of the telecommunication operator Unitel, after 20 years in the company, due to the "climate of permanent conflict", as she justified.

"After 20 years dedicated to the creation, development and success of Unitel, I chose to leave the position of member of the board of directors of the company," said Isabel dos Santos in a statement sent to Lusa last week.

Isabel dos Santos, who controls Vidatel, which owns 25 percent of the company, explained her decision is related to "the climate of permanent conflict" that has settled on the company's board of directors, which has state-owned oil company Sonangol as its main shareholder.

"At a time when the Angolan economy and the telecommunications market are going through particularly adverse economic conditions, it seems counterproductive and irresponsible to allow a climate of permanent conflict and systematic politicization of directors to settle on the company's board of directors, as a result of relations between shareholders," justified the daughter of the former president, José Eduardo dos Santos.

The businesswoman also defended that this body "should be occupied by dedicated and team spirit people, committed to rigorous and productive work, in the interest of the company and its employees and clients".

Isabel dos Santos also pointed out that in her years at the head of the operator, she made an investment of over 5 billion dollars in the network, equipment and professional training, "making full use of her own revenues and private bank loans and without any support from government or public funds".

The 13-point deliberations, including a forensic audit of the company's management over the last 10 years and the recomposition of the board of directors at the last general meeting held this month, are still not known.

Unitel is owned by Sonangol, which currently controls the company with 50 per cent of the capital, after having bought a 25 per cent stake in PT Ventures (controlled by the Brazilian company OI), by Vidatel, of the businesswoman Isabel dos Santos, who holds another 25 per cent, and by Geni, of General Leopoldino "Dino" Fragoso do Nascimento, with the remaining 25 per cent.


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