Ver Angola


IGAPE announces the start of Unitel's reprivatization process

The Instituto de Gestão de Activos e Participações do Estado (IGAPE) announced, this Monday, the start of Unitel's reprivatization process. According to the institute, last week the first meeting of the joint working group that will prepare and implement the reprivatization process in a competitive market took place.


In a statement, to which VerAngola had access, IGAPE reveals that the meeting took place last Friday, at its headquarters.

"Following the process of public appropriation of the shareholdings that the companies Vidatel and Geni held in Unitel, S.A, corresponding to 50 percent of its capital, in accordance with Presidential Decrees n.º 256/22 and 257/22, both of 28 Last Friday, in October, at the headquarters of the Instituto de Gestão de Activos e Participações do Estado, the first meeting of the joint working group for the preparation and implementation of the reprivatization process of Unitel took place, in a competitive market", reads in the document.

The working group, advances IGAPE, "should initially prepare a proposal for a reprivatization strategy and schedule, which supports the competent Presidential Order authorizing the reprivatization and guides its implementation".

As for the composition of the group, the institute informs that it will be "of a strictly technical nature", covering only "staff from IGAPE and SNL, as shareholders, and from Unitel".

IGAPE also recalls that Unitel concerns the largest mobile telecommunications company in the country, "being of exceptional public interest for the State, given the strategic position of the sector, the aggregated technical knowledge, the modern technological profile and its reference in national employability".

Thus, it is important to mention that "all measures are being taken in order to safeguard the proper functioning of the aforementioned asset and guarantee the continuity and safeguard of the common good", concluded IGAPE.

It should be recalled that in October, the holdings of Isabel dos Santos and General Leopoldino Fragoso do Nascimento "Dino" in Unitel were transferred to the State, through nationalisation.


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