Uni­tel An­gola’s bat­tles

The Africa Report - - DOSSIER TELECOMS -

The In­ter­na­tional Court of Ar­bi­tra­tion in Paris is ex­pected to set­tle an on­go­ing law­suit ini­ti­ated by Por­tu­gal Tele­com Ven­tures (PTV) in 2015 against the An­golan in­vestors in Uni­tel led by Is­abel dos San­tos, the daugh­ter of for­mer pres­i­dent José Ed­uardo dos San­tos. PTV, ac­quired by Brazil­ian tele­com gi­ant Oi and which holds 25% of Uni­tel, is su­ing for more than $600m in losses in­curred from a $315m loan it pro­vided to Dos San­tos.

Newspapers in English

Newspapers from Botswana

© PressReader. All rights reserved.