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2 clusters · 2 sources · 27 days · First seen · Last updated

Mozambique telecommunications sector privatization

Overview

The Mozambican government is pursuing divestment from its state-owned telecommunications operator, Tmcel, to address the company’s long-standing financial and operational difficulties. The Council of Ministers has authorized the sale of a portion of the government’s approximately 66% stake to attract new investors and revitalize the firm.

In a related development, the Portuguese conglomerate Visabeira has moved to expand its footprint in the Mozambican telecom sector. Visabeira plans to increase its ownership in TV Cabo Comunicações Multimédia and Televisa from 50% to 80% by acquiring an additional 30% stake in each from Tmcel. This transaction, which has been notified to Mozambique’s Competition Regulator (ARC), would grant Visabeira controlling majority ownership of both a major service provider and a telecom network infrastructure firm.

Entities

Mozambican Government · Tmcel · Inocêncio Impissa

Timeline

  1. 12 days ago

    [BUSINESS] 2 sources
    Mozambique to sell stake in Tmcel to attract investors

    Mozambique plans to sell part of its 66% stake in Tmcel to attract new investors and revitalize the struggling telecommunications operator.

  2. about 1 month ago

    [BUSINESS] 2 sources
    Visabeira targets 80% control of Mozambique telecom operators TV Cabo and Televisa

    Visabeira aims to raise its stake to 80% in Mozambique's TV Cabo and Televisa by buying 30% from state mobile operator Tmcel, pending regulator approval.

Sources

aimnews.org · jornaleconomico.sapo.pt