Angola's Unitel says in no hurry to list shares

LUANDA | Fri Dec 12, 2008 4:05am EST

LUANDA Dec 12 (Reuters) - Unitel, Angola's leading telecoms group and biggest private company, is not in a hurry to list its shares on Luanda's stock exchange, the company's general manager Amilcar Safeca said late on Thursday.

Analysts have long considered Unitel as a prime candidate for Luanda's stock exchange which is expected to open in the first half of 2009.

"That is a matter we will have to evaluate. It's not something that worries us at the time," said Safeca, on the sidelines of a presentation on Unitel's new advertising campaign.

Unitel controls around 60 percent of Angola's mobile market with over 4 million subscribers.

The company is owned by Portugal Telecom (PTC.LS), Angolan state-owned oil company Sonangol and local firms Geni and Vidatel, each hold 25 percent of Unitel.

Earlier this week, Unitel bought 49.9 percent of Angola's leading bank BFA. (Reporting by Henrique Almeida; Editing by Greg Mahlich)

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