ANIP authorises investment of US$1.9 billion by Unitel in Angola

25 March 2015

About US$2 billion will be applied by mobile phone company Unitel in the process of expanding its fibre optic network throughout Angola and the introduction of fourth generation (LTE) technology in its services, under a contract signed with the National Agency for Private Investment (ANIP), Angolan news agency Angop reported.

The investment, approved in September 2014, was announced by Maria Luisa Abrantes, president of ANIP, who said it “will enable the fixed line signal to reach further and for it to be used by students and researchers.”

With a customer base of over 11 million, Unitel is the largest telecommunications operator in Angola.

ANIP also announced that six other investment contracts were under analysis in the sectors of construction, trade, mining and processing of salt, with a total value of US$2.9 billion from Angola, the United Arab Emirates, the United States, Turkey, Portugal, the United Kingdom and Lebanon. (macauhub/AO)