Angola: Cableco gains USD21 million expansion loan


TVCabo in Angola has received a EUR15 million (USD21 million) loan from The European Investment Bank, to finance the construction of a two-way broadband cable network in and around the capital, Luanda. The project is expected to provide high speed internet, radio and TV broadcasting, and should enable the development of future services such as interactive TV, videoconferencing and telemetry. TVCabo, established in 2002, is owned by national PTO Angola Telecom and the Portuguese Visabeira Group.