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
MTN entered advanced talks to acquire IHS Towers, in which it already holds a 25% stake. A full acquisition could value the remaining shares at...
Côte d’Ivoire approved a $152 million loan to fund the first phase of its digital acceleration project. The project targets broadband...
Ethio, Djibouti, Sudatel sign deal for regional fibre corridor Project links Djibouti, Ethiopia, Sudan via resilient terrestrial...
Zamani will deploy A2P monetization and SMS firewall solutions The partnership targets fraud linked to gray routes and unpaid traffic Zamani holds...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...

African Startup M&A Hits Record 67 Deals in 2025, Led by Fintech
03

Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...

Crypto Sovereignty Was CAR’s Goal. A Report Says Crime Risks Took Hold Instead
04

Royal Air Maroc signed a deal with DAE to lease 13 Boeing 737-8 aircraft. Deliveries are schedule...

Royal Air Maroc to lease 13 Boeing 737-8 jets from DAE as fleet expansion continues
05

CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...

Ethiopia’s CBE launches digital platform to channel diaspora remittances
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.