Zon Multimédia plans to boost its operations in Angola and Mozambique

31 July 2012

Zon Multimédia plans to continue boosting its position in Africa, where it is present in partnership with Zap, which s controlled by Angolan businesswoman Isabel dos Santos, who is also the largest shareholder of the Portuguese operator, the company’s chief financial officer (CFO) said in Lisbon.

In a telephone conference with analysts last Friday, CFO José Pereira da Costa gave assurances that, “the commercial base in Angola is going well and we believe that Mozambique will also provide good growth opportunities.”

Zap, which is Zon’s subscription television partnership in Angola and Mozambique, continues to exceed expectations for growth in number of subscribers, the company said in a statement filed with the Portuguese stock market regulator CMVM.

In the first half of the year, Zon posted a profit of 20 million euros, which represented growth of 3.3 percent against the same period of last year. (macauhub)