The Angolan Executive will hand over the rehabilitation and expansion of the transmission networks of Angola Telecom to a business consortium led by Gemcorp, which will cost the State coffers more than US$188,8 million and will serve to expand and modernize broadband infrastructure and coverage throughout the country.
The information was revealed in a presidential dispatch signed by the President of the Republic, João Lourenço, according to the New Journal, stating that the objective is “improve the availability of telecommunications, in pursuit of economic growth, and mitigate regional asymmetries".
According to document 279/22, the contract for the provision of services and supply for the rehabilitation and expansion of rural and metropolitan transmission and access networks of the public company Angola Telecom will be signed between the Ministry of Telecommunications, Information Technologies and Social Communication (MINTTICS ) and the external consortium formed by the companies Gemcorp Commodities Global DMCC and Geoglobal Consulting Corp.
To inform that this decision was already expected, since it had already been informed that the Angola Telecom would transfer all its national transport infrastructure (Backbone) and the metropolitan telecommunications network to private sector companies, in order to better monetize this airline.
BUT: SIC recovers fiber optic cables stolen from Angola Telecom
This process was coordinated by MINTTICS and the partnership will realistically and transversally contribute to the dynamism and economic and social growth of the country.
"This sub-concession, by stabilizing, recovering, expanding and electronic the national telecommunications infrastructure, will allow the various electronic communications operators to benefit from access to a network with national coverage, robust and redundant, being able to offer their customers quality services at competitive prices“, underlined the note.
According to the Government, the increase in the stability and availability of infrastructure, the development of the digital economy and the economy in general, combined with the potential of a population in which 66% are under 25 years of age and an annual growth rate of population, which by 2034 is estimated to exceed 3%, will ensure convergent growth for the telecommunications market, also bringing higher levels of profitability to investors.
