The new unit will be used to provide private communications network systems, dedicated data transmission circuits and broadband connectivity solutions to corporate or business customers nationwide, said a report.
ACS will benefit from six years of tax incentives under the investment agreement, including a 35% cut in taxes on equipment and real estate. ACS said it will work with national and international operators.
Luanda is already a landing station for the WACS cable along the west coast of Africa and in 2018 it will be joined by SACS, the South Atlantic cable connecting Brazil. Angola Cables, which is investing in SACS, already controls 70% of the internet traffic into Angola, the company said last month. It will be a partner in the Monet cable that will link Brazil to the US.