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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (49990)	5/13/2009 7:32:16 AM
From: elmatador	Respond to of 217911

Angolan Mobile-Phone Industry Revenue May Quadruple, Frost Says Elmat: Need to participate on that... By Fred Katerere May 12 (Bloomberg) -- Revenue in Angola’s mobile-phone industry may more than quadruple over the next seven years amid “high” demand for services, Frost & Sullivan said. Sales in the country may increase to $5.7 billion by 2015, from $1.26 billion last year, Sylvia Hirano Venter, a research analyst at Frost’s Cape Town office, said in an e-mailed report today. Investment by foreign companies in Angola is creating demand for a range of services, including communications, and operators are investing in infrastructure development to support this, she said. “This market will have significant growth levels in the next seven years along with infrastructural improvements that will place the country among the most developed ones in Africa,” Venter said. Angola, recovering from decades of civil war that ended in 2002, is Africa’s second-biggest oil producer. The southern African nation plans to spend $4 billion upgrading its infrastructure over the next three years to promote industrial growth. The country’s biggest mobile-phone operator is Unitel, with 62 percent of the market by revenue, according to Frost. The company’s shareholders include Portugal Telecom SGPS SA and Angolan state-owned oil company Sonangol, each with 25 percent stakes. Rival Movicel, which was acquired in 2008 by ZTE Corp., China’s second-biggest maker of telephone equipment, has 38 percent of the Angolan market, it said. A third operator may be licensed in Angola in 2010 “and this will increase the level of competition among the operators and the vendors,” Venter said. Mobile-phone penetration in Angola is about 40 percent, compared with 45 percent in sub-Saharan Africa, she said. The number of mobile-phone subscribers in African countries ranges from 1.45 percent in Ethiopia to 89.23 percent in Seychelles, according to 2007 statistics published on the Web site of the Geneva-based International Telecommunications Union. To contact the reporter on this story: Fred Katerere in Maputo via Johannesburg at pmrichardson@bloomberg.net. Last Updated: May 12, 2009 07:44 EDT