Angola lists telecom operator Unitel, recovered from Isabel dos Santos
Angola is preparing to list its state-held stake in Unitel, the country's largest telecommunications operator. The stake passed to the state from businesswoman Isabel dos Santos following court rulings. The offering is seen as part of an effort to deepen the country's capital markets.
Angola's government is preparing to list the state-held stake in Unitel, the country's largest telecommunications operator, in what is regarded as one of the country's biggest public offerings.
The stake in Unitel passed to the state from businesswoman Isabel dos Santos following judicial proceedings. The company holds a central position in Angola's mobile communications market and serves a broad subscriber base.
Officials say the offering is part of Angola's strategy to develop its capital markets and manage state assets more transparently. The final size and timing of the transaction will depend on market conditions and the regulatory process.
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