Angola: Angolan satellite “Angosat” to cost US$327.6 million

25 August 2008

Luanda, Angola, 25 Aug – The Angolan government plans to spend US$327.6 million on the project to create the Angolan satellite “Angosat,” according to a published diploma.

The diploma earmarks an amount of US$327.6 million to carry out contracts for the construction, placing in orbit and operation of Angosat, signed between the Ministry of Postal Services and Telecommunications and State Federal Company “Rosoboronexport”, representing a consortium of Russian companies.

The diploma states that, “the project takes into consideration that the characteristics of national territory, particularly its population density, together with the need to harmonise economic growth, even in the furthest outposts of the country, make it necessary for a satellite communications company to be set up in the short to medium term.”

The Angolan government has also noted the importance of the Angosat satellite considering, “the growing need for transmission resources including those by satellite, based on the Angolan state’s engagement in the creation of conditions to transform Angola into an active member of the information society via an increasing use of information Technologies that require broadband.” (macauhub)