Telstar Receives Mobile Phone Licence In Angola
Its network will be active and operational within the next twelve months. To acquire this license, the company has spent close to $120 million.
The Telecommunications Minister of Angola, José Carlos da Rocha announced that Angola’s Telstar had won the international public tender to become the fourth telecommunications operator in the country after a competition with 27 other companies, including the South African mobile giant MTN.
MTN unexpectedly announced its withdrawal from this tender application at the end of 2018.
Telstar was created in January 2018 and now looks forward to sharing Angola’s mobile phone market with two other private operators that currently hold the monopoly in the sector, Unitel holds 80% market share while Movicel has 20%.
According to the Telecommunications Minister, the process that led to Telstar’s triumph was very “transparent”. He explained that the opening of the telecommunications industry came from the instruction given by the Angolan President, Joao Lourenço, who expressed his wishes to revive the economy of the country after it suffered from the fall in oil prices since 2014.
Credit: This article originated from www.nextvafrica.com