Zon Multimédia and Isabel dos Santos establish partnership for Angolan market

30 November 2009

Lisbon, Portugal, 30 Nov – Portuguese company Zon Multimédia has set up a partnership with Isabel dos Santos, businesswoman and daughter of Angola’s president, in which the Portuguese company has a 30 percent stake, according to Portuguese newspaper Correio da Manhã.

The paper added that the partnership was preparing to launch a telecommunications operator that would operate in a similar way to Zon Multimédia’s business in Portugal – cable, satellite, voice and Internet.

A source from the Portuguese company told the paper that, as Zon is considered to be a communications group, “we could not have more than a 30 percent stake in the new company.”

The source contacted by the newspaper said that the new partnership was now waiting for licenses to be granted by the Angolan authorities and added that Isabel dos Santos taking a stake in Zon Multimédia was another possibility that was being considered.

According to the company website, Zon TV Cabo is the biggest Portuguese “triple play” (TV, Internet and telephone) operator and is also the pay TV market leader in Portugal and one of the biggest operators in Europe, with over 1.6 million customers. (macauhub)