Italian networking and engineering company Sirti has reportedly won a contract to build a long-distance fiber-optic network in Libya.
According to Dow Jones Italian service, the Libyan Minister of Telecommunications, Anwar Elfeitori; the Italian Ambassador to Tripoli, Giuseppe Buccino Grimaldi; and the CEO of Sirti, Stefano Lorenzi, attended the launch of the new venture.
Sirti will own 55% of the joint venture, with the Libya Posts, Telecommunications and Information Technology Company (LPTIC) holding 45%.
The agreement will enable Sirti to resume it’s activities in the country, said to be worth a total of over 50 million euro, which were interrupted during the revolution.
(Source: Dow Jones)