Angola’s Unitel hit by cyberattack ahead of stock exchange debut, disrupting services for 21 million customers
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Unitel's nationwide outage following a cyberattack lands immediately ahead of its Angola stock exchange debut, raising operational, disclosure, and reputational risk at a sensitive point in the IPO process. While the offering was reportedly oversubscribed, uncertainty around recovery timing and attack scope can weigh on near-term investor confidence and broaden focus on cybersecurity resilience and governance standards in frontier-market listings.
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Angola’s largest telecom operator Unitel was hit by a major cyberattack a day before its debut on the Angola stock exchange, disrupting nationwide voice, mobile data and internet services for 21 million customers. The company said it first detected the breach at 0220 local time. Unitel has not provided a timeline for full service restoration or details on the nature of the attack. The incident comes as its share offering has been oversubscribed, underscoring strong investor interest in the planned listing.
