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Friday, March 10, 2006

Visabeira invest 30 million euros in Angola

Portuguese group Visabeira, in partnership with state telecommunications operator Angola Telecom, is to invest 30 million euros in Angola and Africa’s first digital cable television network, the company said Wednesday.

Cable TV Company, TV Cabo Angola, which began last October with test broadcasts, currently has 1,000 active customers, 60 percent of which are digital Internet subscriber.

The official launch of the new network, which will combine television, Internet and multimedia services, will be on Friday.

The project, which began two years ago with construction of the cable network, is planned to cover 100,000 homes in the next year, covering the entire city of Luanda.

By the end of this year, and according to Visabeira’s forecasts, the service will cover 64,000 homes.

The network will provide a total of 100 television channels, focusing on providing a public service, Portuguese-language channels and themed channels covering areas such as music, cinema, fashion, sport and children's programming.

The Visabeira group, which is responsible for managing TV Cabo Angola, is also a shareholder of TV Cabo Moçambique, a network currently covering the cities of Maputo and Matola.

The company is present in 12 countries including, Mozambique, Angola, the United Arab Emirates, Spain, South Africa, France, Belgium, Bulgaria, Brazil, Morocco and Mexico. (news from macauhub)

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