A Angola Telecom is one of the thirteen companies in the Public Business Sector (SEP) with technical bankruptcy, revealed the most recent report and accounts of the institution when delivered to the State Asset Management Institute (IGAPE).
The last few years have been terrible for the telecommunications company, which has lost more than 63% of its customers in the last five years, with 10.551 customers on the fixed internet network and 38.113 customers on the telephone network, where there has been no modernization and the infrastructure is degraded.
In addition to financial difficulties, it is facing a crisis in its business model, based on the fixed network, and the almost unusable nature of its infrastructures spread across the country, which are currently not working.
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Angola Telecom's current deterioration situation began to emerge in 2003, when it no longer had a monopoly on mobile telephone services, which was the operator's most profitable business. At the time, the Government decided to separate the mobile phone business from Angola Telecom, creating Movicel, which was later privatized in 2007.
Angola Telecom had a 15,1% share of the fixed broadband market in 2019, with 16.581 customers connected to its network, out of a universe of 109.662 customers. In 2023, the operator that has the largest infrastructure network in terms of coverage, only has 4,4% in a market with 137.323 subscribers to the fixed internet network. In percentage terms, Angola Telecom had a strong decline in its subscription share, registering a drop of almost 11 percentage points in just 4 years.
