Unitel signs ten-year USD1.9bn fibre, LTE investment contract with state agency

24 Sep 2014

Angola’s largest mobile operator by subscribers Unitel plans to invest over USD1.9 billion in the expansion of next-generation fibre-optic and 4G LTE mobile access network infrastructure nationwide over the next ten years, according to its investment contract signed with the National Private Investment Agency (ANIP). The ten-year contract with the state agency guarantees that Unitel will receive ‘incentives and benefits’ which are not quantified in the document, Macauhub reports. The contract, authorised by presidential decree on 18 September 2014, outlined that the investment will support Unitel’s existing 2,198 direct employees in the Angolan mobile business as well as the creation of 850 direct jobs and 11,465 indirect jobs, ‘with a focus on continuing vocational training.’

Angola, Unitel (Angola)