Startel to Invests U.S.$55 Million in Telecommunication in Angola

Mergers, Acquisitions and Financial Results

It has taken five years to come to fruition but Mundo Startel’s telecoms service has finally been launched. The company said it expects to invest more than US$55 million to capture 100,000 subscribers, according to the CEO Manuel João Carneira.

During the launch ceremony of the company's telecommunication service, Startel's CEO said that the institution aims at expanding its activity nationwide, by paying attention to the quality and creating 276 jobs, including 243 for Angolans.

Startel D-G, Ernest Nitscke, also informed that as an authorised operator, the company is ready to supply with voice, data and Internet services for Luanda's metropolitan area, as well as countrywide in medium and long terms. The company has a part shareholding from Telecom Namibia.