Angola Telecom 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 it has not been modernized and has degraded infrastructure, reveals the latest edition of News.
From what the weekly newspaper reveals, Angola Telecom has currently been in technical bankruptcy for several years, in agony in which no solution can be seen capable of keeping it alive.
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.
BUT: Angola Telecom will undergo restructuring to promote digital acceleration
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.
In the fixed telephony market, which is a dying business, with a drop of more than 30% in the last five years in the number of subscribers, falling from 124.726 in 2019, to 86.613 in 2023, and Angola telecom was unable to maintain its market leadership that it held until 2021, with 35,4% market share at the time.
