Telstar planned to invest 800 million USD in the telecommunications sector

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If you were aware of the latest news, you should know that the public tender for the fourth mobile telephone operator in Angola was canceled, where Telstar was considered the winner. After this annulment, the said company has now gone public that has “meticulously fulfilled” the international public tender.

In a clarification note, the company states that it was “with total surprise” that it became aware of the content of the news published in various media about the international public tender for the conclusion of the Public Communication Concession Contract for the attribution of a Unified Global Title (TGU) for the fourth global operator in the Angolan telecommunications sector. At issue is the annulment of the tender by the Angolan head of state, João Lourenço, allegedly because the company did not present the operational results of the last three years, as required by the specifications.

A Telstar guarantees that it has submitted an investment proposal valued at 800 million USD to make possible the fourth mobile operator. He also assured that he invested more than One Million Dollars in the preparation and presentation of his technical and financial proposal in the final phase of the public tender, with the support of a consultant of world renown and in conjunction with his international partners, including an international operator.

The statement also said that the company intended to use the most recent and innovative technology, creating five thousand direct jobs and one hundred and sixty thousand indirect jobs. Telstar also submitted a provisional guarantee of 2,9 1 billion KZ in compliance with the provisions of the tender procedure, with its technical and financial proposal.

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