Telecom

A Gemcorp-led consortitum contracted to modernize Angola Telecom

A Gemcorp-led consortitum contracted to modernize Angola Telecom
Monday, 19 December 2022 16:39

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

On the same topic
A new report finds that nearly 73% of 2022’s cohort were still active in 2025, challenging conventional wisdom about tech failure rates.  Nearly...
$400 million invested in telecom infrastructure, including fiber across most districts 60% of the population still does not use telecom...
Guinea explores local smartphone production, inspired by Kenya model Initiative aims to expand access and support digital sovereignty...
Senegal partners Wave to introduce mobile payments in public hospitals System aims to streamline payments, reduce cash use, and improve...
Most Read
01

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
02

From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...

Weekly Health Update | Africa Steps Up Pandemic Preparedness as Health Sovereignty Takes Center Stage
03

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
04

Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...

Ecobank's Quiet Inclusion in the AfDB Mission Reshapes the Abidjan-Lagos Corridor Story
05

Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...

Chinese Automaker Jetour to assemble SUVs in South Africa from 2027
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.