Angola approves sale of 80% stake in Movicel

www.WirelessFederation.com/news: The Angolian government has given approval to the sale of 80% stake in the nation largest telco Movicel to several companies in one of the country’s biggest post-war privatisations.
The statement said Porturil-Investments will buy 40 percent of Movicel, Modus Comicare-Comunicacoes e Imagem Lda will hold 19 percent and I pang-industria de Papel e Derivados will own 10 percent.

Lambda-Investment, another private company, will buy 6 percent while Novatel S.A. will hold 5 percent. State-owned firms Angola Telecom and Correios Telegrafos de Angola will retain the remaining 20 percent.