Angola’s Unitel approves US$800-million investment plan

18 June 2010

Luanda, Angola, 18 June – Shareholders of Angolan mobile telecommunications operator Unitel Thursday approved investments for the 2010/2011 period of an overall value of US$800 million, the company said in a statement published in Luanda.

According to the statement, the company will fund this investment using its own resources and does not plan to make use of bank loans or other financing solutions.

The investment, the statement added, will drive customer access to new services, known as third generation, specifically data services such as Internet access, video calling and MMS.

It will also provide the company with network capacity to drive growth of its customer base to 8.5 million, with focus on the provinces, thus reaching all of Angola’s municipalities.

Unitel is a private limited company set up on 30 December, 1998. (macauhub)