| Angola Telecom | |
| Type: | E.P. (Empresa Publica) State owned |
| Foundation: | 1992 |
| Location: | Luanda, Angola |
| Num Employees: | — |
| Revenue: | — |
| Industry: | Telecommunications |
| Products: | Telecommunications services Internet services |
| Homepage: | 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:
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.