Angola: Portugal’s Zon Multimédia is in “advanced” negotiations for launch of cable TV in Angola

3 September 2008

Lisbon, Portugal, 3 Sept – Portuguese company Zon Multimédia is in “advanced talks” with local partners to launch a subscription only television service in Angola, sources said in Lisbon.

Speaking to Portuguese news agency Lusa, those sources declined to identify the local partners, but said that the company, which in Portugal owns cable TV company TV Cabo planned to launch a subscription television operation in Angola in 2009.

They added that, as well as local investors, the partnership could also involve Visabeira, a group which is a Zon shareholder and that already has a cable television company in Angola, focused on the Luanda region.

This entry into the Angolan market would be the first step in internationalisation of Zon, which since its spin off from the Portugal Telecom group, in November, has focused on the domestic market, where it has over 80 percent of the subscription television market.

As well as negotiating partnerships with local investors, Zon is expected to try to reach an agreement with Multichoice, a South African company that holds transmission rights, for sub-Saharan Africa, of content such as sports events and US television shows.

Zon has been seen as a potential investment target by Angolan oil company Sonangol, which considering the recent strategic guideline from the Luanda government – which “requires” foreign groups to open up their capital to local investors – could lead to a Luso-Angolan partnership in the subscription television market in the country. (macauhub)