Angola Telecom tries to recoup unpaid bills in preparation for privatisation

11 Mar 2019

A member of Angola Telecom’s (AT’s) management committee was quoted by Angop news agency as saying that the state-owned fixed line telco is attempting to recover outstanding debts from customers as it looks to conclude an asset valuation process ahead of its restructuring and part-privatisation planned for this year. Bartolomeu Pereira said that public and private companies owe AOA5 billion (USD15.8 million) in unpaid AT bills, claiming that the operator has around ‘50,000 customers in its database, of which only 20,000 pay for the services rendered’. The official insisted that the privatisation of a 45% AT stake will begin this year, although conceding that AT’s financial situation ‘is not the best’. Wireline incumbent AT’s assets include Angola’s third – as-yet unutilised – mobile network operating licence.

Angola, Angola Telecom (AT)