According to Jornal de Angola, Angolan state-held stakes in 195 companies will be sold between 2019 and 2022. This is a step taken under the country's latest privatisation programme which includes eight telecoms operators. An official state bulletin has earmarked a total of 175 share sales via public tender, 11 public auctions and 9 Initial Public Offerings (IPOs). This year along, the government aims to launch 80 public tenders and one IPO whereas next year in 2020, it is set to launch 81 tenders, 6 auctions and 3 IPOs.
The telecoms operators included in the privatisation programme include Angola Telecom (AT), MSTelcom, Net One, Unitel, TV Cabo Angola, Multitel, Angola Cables and Angola Comunicacoes e Sistemas (ACS). These join the high-profile state privatisations at companies such as airline TAAG, diamond mining firm Endiama and oil group Sonangol among others. Shares are also up for sale in telephone directory company ELTA and postal operator ENCTA.
According to reports, up to 45 per cent stake in wholly state-owned fixed telco and mobile licensee AT is scheduled for sale by the end of the year. Interestingly, MSTelcom (registered as Mercury Telecommunications Services) is a subsidiary of Sonangol which itself is up for privatisation and in turn, fixed-wireless broadband operator Net One is a subsidiary of MSTelcom. MSTelcom is also the holder of a 25 per cent stake in Angola's mobile market leader, Unitel. Furthermorem submarine fibre cable operator Angola Cables is 51 per cent owned by AT, with Unitel and MSTelcom also owning stakes in the international connectivity venture.