With the restructuring process ongoing at Angola Telecom, the government wants to leverage the private sector’s expertise to strengthen the capabilities of its incumbent operator in a context marked by accelerated digital transformation.
Angola has contracted a consortium led by asset manager Gemcorp to renovate and expand incumbent operator Angola Telecom's transmission networks. A US$188.8 million service contract is expected to confirm the partnership.
The said partnership is part of the Angolan government's strategy to restructure Angola Telecom. In September 2021, Luanda started launched a process to select a private partner for a 15-year contract for the management and operation of the incumbent operator’s national telecommunications infrastructure its metropolitan fiber optic network, and even its businesses.
Meanwhile, the restructuring process is part of a broader strategy initiated in 2019 to improve the country’s economy by greatly involving the private sector, among other initiatives. Under that strategy, the country sold 51% of its stake in internet provider Net One and 90% of its stake in Multitel Serviços de Telecomunicações, which provides internet services to businesses.
According to the government, this partnership should allow the various electronic communications operators "to benefit from access to a robust and redundant national coverage network, and to offer their subscribers quality services at competitive prices.” This should accelerate the growth of the Angolan telecom sector as well as the Angolan government's digital economy and further advance its socio-economic development agenda.
Isaac K. Kassouwi
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Rel...
Yassir moves into media distribution in France with the acquisition of Paris-based adtech firm Kaw...
Maluku SEZ to receive river dock to boost logistics Saphir Ceramics funds dock to improve exports via river Facility supports growing industrial...
Nigeria considers increasing 75 MW electricity exports to Togo Talks focus on meeting rising demand and recent supply disruptions Expansion depends on...
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for intra-African trade businesses Initiative aims...
Ghana to submit UN resolution on slave trade March 25 Draft seeks recognition as gravest crime against humanity Backed by AU, CARICOM; aims support...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...