Govt. unveils plans to partly privatise mCel (Mozambique)

www.WirelessFederation.com/news: Paulo Zucula, Mozambique’s Minister of Transport and Communications, has unveiled plans to partly privatise incumbent mobile operator, mCel. As per the plan, minimum of 5% company’s share will be made exclusively available to Mozambicans, with the possibility of further sales to the international investment community. Zucula said, ‘mCel is working on a proposal that I believe we will have within a month, and afterwards we will submit that proposal for the government’s consideration. The proposal will say how much shares will cost, how many shares will be sold and how we will do the whole process. And from there, the government will have to approve the whole package.’