Angola Telecom

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.