Angola Telecom
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| E.P. (Empresa Publica) State owned | |
| Industry | Telecommunications |
| Founded | 1992 |
| Headquarters | Luanda, Angola |
| Products | Telecommuncations services Internet services |
| Revenue | ~ |
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Number of employees
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~ |
| Website | http://www.angolatelecom.com/ |
Angola Telecom is a telecommunications and Internet service provider of Angola. Angola Telecom is an empresa publica, i.e. wholly owned by the Angolan state.
Subsidiaries of Angola Telecom include:
Angola Telecom created the mobile phone provider Movicel as subsidiary, but holds since 2010 only a minority part of the shares of Movicel.
In 2010 Angola Telecom began a program of restructuring led by a team of international consultants. In 2014, Bloomberg reported that the company was on track to produce its first net profit in over 8 years. However, the economic collapse fueled by the devaluation of crude oil has likely erased any gains achieved thus far. *Bloomberg Article
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Wikipedia