Angola’s President Joao Lourenco has issued an order authorising the ‘sub-concession’ of state-owned Angola Telecom’s Unified Global licence to a start-up company named Angorascom Telecomunicacoes to offer mobile services, according to the Lusa news agency.
Presidential Order No. 193/19, dated 4 November 2019, delegates regulator INACOM to deal with the necessary technical and legal aspects of the sub-concession ‘to ensure the promotion of competition in the provision of electronic communications networks and services throughout the national territory’. Regarding the ownership of the newcomer, Angonoticias.com quoted an interview with Angola Telecom’s head Adilson Santos who disclosed that Angorascom is a branch of the multinational Orascom group, adding that the new company would be a ‘partner’ of the telco. TeleGeography notes that Egyptian-backed Orascom Investment Holding (OIH, formerly Orascom Telecom Media & Technology Holding) owns a 75 per cent stake in North Korean mobile operator Koryolink and manages Lebanese cellco Alfa under a contract with the local government, alongside fibre cable investment in Pakistan. Egyptian tycoon Naguib Sawiris is the executive chairman of OIH.
Several other online news sites concluded that Angorascom will offer MVNO services, although this was unconfirmed