 | |
| Company type | E.P. (Empresa Publica) State owned |
|---|---|
| Industry | Telecommunications |
| Founded | 1992 |
| Headquarters | Luanda, Angola |
| Products | Telecommunications services Internet services |
| Revenue | — |
Number of employees | — |
| Website | www.angolatelecom.ao |
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:
- Infrasat, offering satellite telecommunications services.
- Angola Cables, offering international access for data and voice.
- TVCabo, offering broad band cable service for television and radio broadcasting.
- Multitel, a portal offering a wide range of internet services.
- ELTA, Empresa de Listas Telefonicas de Angola, an online telephone directory.
- Movicel, offering mobile telecommunications services.
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.