Angola Telecom to invest $2.4 bln to boost network


State-owned Angola Telecom is preparing to invest $2.4 billion by 2013 to boost the fixed-line fibre network in Angola, Chief Executive Joao Manuel said on Tuesday.

The investment will include the construction of a 7,000 km fibre-optic network and the installation of 500,000 telephone lines, which will cost $1.2 billion.

"After that we have another investment package, of more or less the same value, to invest in developing the fixed-line network, by 2013," Manuel told journalists at a telecoms conference in Lisbon.

Manuel added that Angola Telecom was interested in extending links with Portugal Telecom. The two companies currently have a joint venture in a small data transmission company in Angola called Multitel.