Movicel completes six months without paying salaries to employees and has several stores closed in the capital.

An obvious sign of Movicel's downfall is the disappearance of the option to top up balance in automatic payment machines (ATMs), at a time when the operator's senior management, more than 400 workers, have been without pay since the end of December.

Movicel, a company owned by the State through Angola Telecom and the National Social Security Institute, has already completed six months of not paying salaries to its employees and has accumulated several debts for payment of rent for stores, which, at the moment, are closed in the capital , Kieto Economia learned from several sources.

This pressure is forcing employees of that company, which was second in terms of market share in the country, to demonstrate against managers and the Government.

According to sources heard by this newspaper, by the end of May, the company had completed the sixth month in which it had not released salaries to its workers. In fact, across the capital, most of the company's stores – which operated on a rental basis – are closed.

In other words, the company's cash flows have been falling for a long time, as several operations, including the sale of balance through ATMs, are no longer available.

According to data available on several alternative news channels, the Government, through the Ministry of Telecommunications, Information Technologies and Social Communication (MINTTICS), guarantees that it is looking for a partner to help "save" the mobile telephone operator Movicel from bankruptcy, at a time when around 400 workers have not received salaries since last January and many are being sent home without compensation.

However, and cited by Novo Jornal, Movicel workers guarantee that the operator has already lost more than 90% of its customer base and that it now has several stores closed in the country.

The Minister of Telecommunications, Information Technologies and Social Communication, Mário da Silva Oliveira, said, in turn, on the sidelines of the 4th edition of the largest international technology, communications and innovation event promoted by the Government, Angotic 2024, that the Government is looking for partners to "save" Movicel from bankruptcy.

"We have been working to ensure that Movicel occupies its space in the country. Because it is an important asset. We are looking for a partner that will help us lift Movicel out of the stagnation in which it finds itself", said the minister.

According to Minister Mário da Silva Oliveira, in this chapter, the Government has already overcome several barriers, "although it seems not". "We have already overcome several barriers from a negotiating point of view, in dealing with other issues so that the partner can join us and together we can work for Movicel to take its place. So far, what has happened in the negotiations satisfies us", he assured the minister, in statements to the TPA.

Even so, several Movicel employees said that since the fourth mobile phone operator entered the market, Movicel has lost its customer base due to "poor administration management". "We are now in the sixth month without salaries. Movicel is in absolute decline due to the poor management of the administration, which has done nothing to secure the operator", said a senior company official.

With Agencies

Movicel completes six months without paying salaries to employees and has several stores closed in the capital

An obvious sign of Movicel's downfall is the disappearance of the option to top up balance in automatic payment machines (ATMs), at a time when the operator's senior management, more than 400 workers, have been without pay since the end of December.

Jun 18, 2024 - 16:59
Movicel completes six months without paying salaries to employees and has several stores closed in the capital
© Photography by: DR
Movicel completes six months without paying salaries to employees and has several stores closed in the capital

Movicel, a company owned by the State through Angola Telecom and the National Social Security Institute, has already completed six months of not paying salaries to its employees and has accumulated several debts for payment of rent for stores, which, at the moment, are closed in the capital , Kieto Economia learned from several sources.

This pressure is forcing employees of that company, which was second in terms of market share in the country, to demonstrate against managers and the Government.

According to sources heard by this newspaper, by the end of May, the company had completed the sixth month in which it had not released salaries to its workers. In fact, across the capital, most of the company's stores – which operated on a rental basis – are closed.

In other words, the company's cash flows have been falling for a long time, as several operations, including the sale of balance through ATMs, are no longer available.

According to data available on several alternative news channels, the Government, through the Ministry of Telecommunications, Information Technologies and Social Communication (MINTTICS), guarantees that it is looking for a partner to help "save" the mobile telephone operator Movicel from bankruptcy, at a time when around 400 workers have not received salaries since last January and many are being sent home without compensation.

However, and cited by Novo Jornal, Movicel workers guarantee that the operator has already lost more than 90% of its customer base and that it now has several stores closed in the country.

The Minister of Telecommunications, Information Technologies and Social Communication, Mário da Silva Oliveira, said, in turn, on the sidelines of the 4th edition of the largest international technology, communications and innovation event promoted by the Government, Angotic 2024, that the Government is looking for partners to "save" Movicel from bankruptcy.

"We have been working to ensure that Movicel occupies its space in the country. Because it is an important asset. We are looking for a partner that will help us lift Movicel out of the stagnation in which it finds itself", said the minister.

According to Minister Mário da Silva Oliveira, in this chapter, the Government has already overcome several barriers, "although it seems not". "We have already overcome several barriers from a negotiating point of view, in dealing with other issues so that the partner can join us and together we can work for Movicel to take its place. So far, what has happened in the negotiations satisfies us", he assured the minister, in statements to the TPA.

Even so, several Movicel employees said that since the fourth mobile phone operator entered the market, Movicel has lost its customer base due to "poor administration management". "We are now in the sixth month without salaries. Movicel is in absolute decline due to the poor management of the administration, which has done nothing to secure the operator", said a senior company official.

With Agencies