Africell Acquires Angolan Telco Licence

Africa-focused mobile network operator, Africell, has secured a mobile telecommunications operator’s licence in Angola, joining three other operators – Movicel, Unitel and Angola Telecom – already serving the country.

Africell is a holding company of telecommunications operations with its headquarters in London, United Kingdom. Its current portfolio spans across West, Central, and East Africa, namely Uganda, Democratic Republic of Congo, The Gambia, and Sierra Leone. It currently provides service to around 12 million subscribers.

In 2018, the company secured a $100 million loan from the U.S. Development Finance Corporation to fund an expansion strategy that included growing mobile payments and micro-finance offerings, alongside upgrading its 2G, 3G and 4G networks.

Your Friends Also Read:  Airtel Africa awaits regulatory approval for London Stock Exchange listing

Africell said it planned to invest in infrastructure and services during the first phase of its rollout in Angola, with operations expected to create about 6,500 jobs over the next five years.


All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.

Contact: digital@newscentral.ng

Total
0
Shares

Leave a Reply

Previous Article

Nairobi Stock Exchange Switches to Safaricom Network

Next Article

South Africa's Western Cape Requires Billions of Rands for COVID-19 Vaccine

Related Posts
Powered by Live Score & Live Score App