Angola Telecom

Last updated
Angola Telecom
Company typeE.P. (Empresa Publica) State owned
Industry Telecommunications
Founded1992
Headquarters Luanda, Angola
ProductsTelecommunications services
Internet services
Revenue
Number of employees
Website www.angolatelecom.ao

Angola Telecom is a telecommunications and Internet service provider of Angola. Angola Telecom is an empresa publica, i.e. wholly owned by the Angolan state.

Subsidiaries of Angola Telecom include:

Angola Telecom created the mobile phone provider Movicel as subsidiary, but holds since 2010 only a minority part of the shares of Movicel.

In 2010 Angola Telecom began a program of restructuring led by a team of international consultants. In 2014, Bloomberg reported that the company was on track to produce its first net profit in over 8 years. However, the economic collapse fueled by the devaluation of crude oil has likely erased any gains achieved thus far.

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