Angola Telecom auditor warns of risk to business continuity

Monday 28 October 2019 | 17:37 CET | News
Angola Telecom has been in technical bankruptcy for at least two years, with its assets less than its liabilities. This has lead independent auditor EY to warn of uncertainties regarding the continuity of the business. The company doubled its losses in 2018 to AOA 35 billion, based on the financial statements published on the IGAPE website, reports Expansao. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Angola Telecom / EY
Countries: Angola
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.