Angolan telecommunications operator Unitel plans to invest over US$1.9 billion in the installation and expansion of next-generation fibre optic and mobile communications networks over the next 10 year, according to an investment contract.
The contract signed with the National Private Investment Agency (ANIP) covers the “installation and expansion” of fibre optic and “Long Term Evolution” networks, or next-generation mobile networks known as 4GLTE, “throughout the national territory. ”
The contract, with a duration of ten years, guarantees that Unitel will receive “incentives and benefits,” which are not quantified in the document.
The contract between Unitel and ANIP, which was previously authorised by presidential decree on 18 September, outlined that this investment will make it possible to maintain 2,198 direct jobs in the Angolan mobile operator as well as the creation of 850 direct jobs and 11,465 indirect jobs, “with a focus on continuing vocational training.”
In the presidential decree, approval of the contract (with ANIP) is justified by the country’s “development efforts,” “improving the wellbeing of the people,” boosting employment and the “promotion of Angolan business,” according to Portuguese news agency Lusa.
Following the proposed merger of telecom operators Portugal Telecom and Brazil’s Oi, the latter now owns 25 percent of Unitel, through a stake in Africatel, the company that controlled Portugal Telecom’s African interests. (macauhub/AO)