Angola Telecom to invest USD12.6m in 4G before part-privatisation

22 March 2019

Mergers, Acquisitions and Financial Results

State-owned Angola Telecom (AT) – which is undergoing an asset valuation process ahead of the planned sell-off of a 45% ownership stake – has revealed it aims to invest AOA4 billion (USD12.6 million) to roll out 4G LTE technology in five provinces before the sale tender later this year, Expansao reported, quoting a member of AT’s management committee, Bartolomeu Pereira, who was speaking at a press conference. The pilot provinces chosen are Luanda, Cabinda, Benguela, Huila and Huambo.

Struggling fixed line incumbent AT is the holder of Angola’s third mobile network operating licence, which it is yet to utilise. Its previous management committee line-up placed a low initial priority on start-up mobile services rollout, but newly appointed committee members appear to have refocused on such plans.

Source: All Africa