Public-private partnership formed to build international fibre-optic network

8 Jun 2009

State-owned PSTN operator Angola Telecom has agreed to form a joint venture with four private telcos under the name Angola Cable to build and manage fibre-optic infrastructure, reports ANGOP. The new company will be 51% owned by Angola Telecom with the remainder split between Mundo Startel, Unitel, Mercury and Movicel, and the partners are committed to invest USD90 million between them. The fibre project will involve building new links to other African countries as well as Europe, with operations scheduled to commence in 2011.