Portuguese cable company Zon Multimedia to enter the Angolan market

Investment

Portuguese cable co Zon Multimedia, intends to enter the Angolan market soon, and has bought 30% of a company called Finstar through another acquisition, Teliz, via which it reportedly intends to set up a local venture in Angola.

Another Portuguese firm, Visabeira Group is partnered with Angola Telecom in their 50/50 joint venture owner TV Cabo Angola , a digital cable TV and cable broadband internet access provider in the Luanda area. The potential entrance of Zon to the market could give TVCabo its first direct competition.

Telegeography