The European Investment Bank (EIB) has this month activated a secondary loan facility for Angolan cableco and fibre broadband provider TV Cabo, which it disclosed is for expansion of the existing TV Cabo network in Luanda and Lobito/Benguela to Huila, Cabinda, Huambo and Zaire provinces, in particular the fast growing cities of Lubango, Cabinda, Huambo and Soyo, for the provision of ultra-high speed data transmission for corporate markets and individual customers. The EUR20 million (USD27 million) EIB loan follows a EUR15 million facility provided in 2007, and funds part of a EUR41 million expansion project the cableco is undertaking in 2014-16. Objectives include provision of multimedia services for consumer, corporate and public sector customers, and the project is in line with the Cotonou Partnership objectives of promotion of private sector and economic development in the ACP countries and regions, the EIB stated. TV Cabo Angola is a 50/50 joint venture of Angola Telecom and the Portuguese conglomerate Visabeira Group, which also runs a sister cableco in Mozambique under the TV Cabo name.
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