Unitel Approves US $800 Million Investment Plan

Mergers, Acquisitions and Financial Results

The Angolan mobile-phone operator Unitel approved Wednesday, in a general assembly, a USD 800 million investment plan for the 2010/2011 period. According to a press release of the company that Angop had got access this Thursday, the firm will sponsor this investment through integral resources with its own funds, generated by current operations of its activity, without planning to ask for bank financing or other financial solutions.

The investment, mentions the document, will strengthen the access of clients to new services, named as third generation, such as date services as the access to Internet, video call and MMS.

The company will also be capacitated of a network in order to strengthen the increase of the clients base of 8.5 million, with main focus on the provinces, reaching all the districts of Angola.