Oi sells 25% stake in Unitel for USD 1 billion

Friday 24 January 2020 | 16:46 CET | News
PT Ventures holds shares in the Angolan companies Unitel (25%) and Multitel (40%), as well as rights to dividends declared by Unitel, which are due and payable, and the rights arising from the final award rendered by the International Chamber of Commerce in the arbitration initiated by PT Ventures against the other shareholders of Unitel.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Oi / Unitel
Countries: Angola
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Anatel ceases monitoring of Oi as liquidity improves

Published 11 Feb 2020 11:30 CET | Brazil
Oi has been notified by Brazil's National Telecommunications Agency (Anatel) of its decision to suspend the special monitoring ...

Oi puts EUR 34 million in escrow for Pharol after Unitel share sale

Published 03 Feb 2020 11:28 CET | Portugal
Brazilian operator Oi has deposited EUR 34.3 million in an escrow account for Portuguese shareholder Pharol. The deposit comes ...

Oi may get up to BRL 8 billion in funds including Unitel revenue - report

Published 21 Jan 2020 14:14 CET | Brazil
Oi may receive around BRL 8 billion in funding by the end of the quarter, according to estimates by analysts from Bradesco BBI, ...

Sonangol confirms interest in buying Oi's stake in Unitel

Published 06 Jan 2020 11:26 CET | Angola
Unitel has four shareholders, each with a 25 percent stake: Geni (owned by General Leopoldino do Nascimento), Vidatel (owned by ...

Oi receives dividends from Unitel

Published 09 Dec 2019 10:33 CET | Angola
Oi received last month USD 33.1 million in extraordinary dividends from Angolan operator Unitel, in which the Brazilian operator ...

Oi evaluates sale of mobile assets with financial advisors

Published 03 Dec 2019 13:23 CET | Brazil
Oi has admitted it is talking to financial advisers about how to start the process of selling its mobile telephony operations, ...

Oi to focus on selling assets - COO

Published 04 Nov 2019 10:35 CET | Brazil
Oi COO Rodrigo Abreu has underlined the importance of selling non-core assets for the Brazilian operator. Speaking to Diarios ...

Sonangol to offer Unitel shareholders stake ahead of tender

Published 14 Aug 2019 15:14 CET | Angola
Unitel's shareholders will be able to exercise their right of first refusal for Sonangol's 25 percent stake if the company ...

Oi receives two bids for 25% stake in Unitel - report

Published 14 Jun 2019 15:13 CET | Angola
Brazilian operator Oi received two bids for its 25 percent stake in Angolan mobile telephony operator Unitel, reports Angola 24 ...

Unitel shareholders name new board, MD

Published 20 Mar 2019 10:57 CET | Angola
Isabel dos Santos, the daughter of Angola's former president, has been re-elected to the board of Angolan mobile operator Unitel, ...

Unitel to pay out only 20% of Oi's claims

Published 01 Mar 2019 13:51 CET | Angola
The Arbitration Court has ordered Unitel's Angolan shareholders to pay Oi more than EUR 600 million for violations of the ...

Oi seeks court-appointed administrator for Unitel

Published 22 Feb 2019 10:39 CET | Angola
Unitel claims it is the victim of a "concerted and continuous attack" by Brazilian company Oi, which in 2014 bought PT Ventures ...

Calendar   /   Industry Events

18 Feb Magyar Telekom Q4 2019
18 Feb Hrvatski Telekom Q4 2019
18 Feb Ceva Q4 2019
18 Feb TiVo Q4 2019
18 Feb Vonage Q4 2019
18 Feb Smartone H1 results
19 Feb Dish Network Q4 2019
19 Feb OTE Q4 2019
19 Feb Spark H1 results
19 Feb Technicolor Capital Markets Day
19 Feb Telefonica Deutschland Q4 2019
19 Feb Telefonica Brasil Q4 2019
19 Feb Ribbon Communications Q4 2019
19 Feb Gilat Satellite Networks Q4 2019
19 Feb Analog Devices fiscal Q1
19 Feb Deutsche Telekom Q4 2019
19 Feb CyrusOne Q4 2019
19 Feb Future Generation Optical Transport Networks Summit 2020
20 Feb Axiata Q4 2019
20 Feb Starhub Q4 2019
20 Feb Windstream Q4
20 Feb Bouygues Q4 2019
20 Feb Interdigital Q4 2019
20 Feb EchoStar Q4
20 Feb Consolidated Communications Q4 2019
20 Feb Commscope Q4 2019
20 Feb SBA Communications Q4 2019
20 Feb Intelsat Q4 2019
20 Feb Liberty Latin America Q4 2019
20 Feb OTE EGM
::: More Calendar Items