Angola Cancels Telstar Mobile Phone License, to Open New Tender
LUANDA (Capital Markets in Africa) – Angolan President Joao Lourenco canceled a decision to award Telstar Telecomunicacoes, a privately held company, the southwest African nation’s fourth mobile license. “The president annuls the outcome of the competition to ensure a clean and transparent procedure,” the Angolan presidency said in an emailed statement on Thursday. “The Ministry of Telecommunications will formalize the opening of a new tender within 30 days.” The tender, the results of which were announced on April…
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