Portuguese group Visabeira plans to invest 6 million euros in Mozambican city of Beira

9 May 2011

Lisbon, Portugal, 9 May – Portuguese group Visabeira expects to have the entire city of Beira in Mozambique covered by a fibre optic network, at a cost of 6 million euros and covering around 11,000 homes, the group’s chairman told Portuguese financial daily newspaper Diário Económico.

“We are going to launch the TV Cabo investment in the city of Beira, in central Mozambique, which is the second-largest city in the country,” said Paulo Varela, adding that the future fibre optic network would provide television and Internet signals, from the exchange to the customer’s house, “which in Mozambique is completely innovative.”

By covering 11,000 homes in Beira, Visabeira Moçambique – which has a 50 percent share of TV Cabo Moçambique, in partnership with TDN – estimates its will control more than half the subscription television market in the city.

On an international level, Visabeira recently partnered Mota-Engil and Parque Expo to carry out infrastructure projects in the Angolan province of Benguela, although the Angolan market is not new to the company.

The company is already responsible for the subscription television network in Angola and has so far invested around 50 million euros in the market.

Of this amount, around 15 million was used for the Benguela/Lobito links. The Angolan telecommunications subsidiary recently announced that it would continue to invest, particularly in expansion of its fibre optic network in Luanda, Benguela and Lobito. (macauhub)