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
Six Central African states advance plans to create a regional digital agency Meeting in Kinshasa finalizes CADNAC’s founding act and regional strategy...
Guinea saves $26.9M after verifying public workers via FUGAS system Only 130,000 of 277,000 staff confirmed through biometric checks FUGAS...
Platform matches corporate needs with local tech solutions in real time Aims to boost national innovation, digital transition, and competitiveness...
Talks explored collaboration with VITIB on startups, research, and smart services Visit follows Côte d'Ivoire's $146M 2026 digital...
Most Read
01

Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...

Tanzania’s Mobile Money Goes Global: Vodacom Partners with Visa, Alipay, and MTN
02

S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...

S&P Raises Zambia’s Foreign-Currency Rating to CCC+
03

Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...

Anthropic Partners with Rwanda, ALX to Deploy Claude-Powered AI Learning Companion Across Africa
04

Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...

Togo’s Kossi Ténou Appointed President of AMF-UMOA
05

Senegal, BOAD launch Fovas to monetize public infrastructure assets Fund aims to boost financing...

Senegal, West African Development Bank Create Fund to Monetize Public Assets
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.