Angola’s National Asset Recovery Service has seized a 25% holding in mobile provider Unitel from Geni, a private firm controlled by Leopoldino do Nascimento.
Angola’s telecom sector in recent years has benefited from political stability, which has encouraged foreign investment in the sector. The government and regulator have also set in train mechanisms to open up the telecom sector to new competitors, with Africell having secured a universal licence and in so doing becoming the country’s fourth MNO.