Tag Archives | LAP Green

Libya, Uganda in Legal Row over Telecom Company

By John Lee. Africanews reports that the Libyan government has warned the Ugandan government over its move last month to repossess the Libyan government's shares in Uganda Telecom Limited (UTL). Libya's state-owned UCom had held 69-percent of the shares in UTL since 2010, with the Ugandan state owning the remaining 31 percent; the Libyan Post, […]

Ugandan Govt takes over Uganda Telecom

By John Lee. The government of Uganda has reportedly taken back the ownership of Uganda Telecom (UTL) with immediate effect, following what has been described as the "withdrawal" of Libya's state-owned UCom, which held 69-percent of the shares in UTL. The Ugandan state owned the remaining 31 percent. According to NTV, Uganda's Minister of Finance […]

LPTIC Chairman discusses UTL with Ugandan President

The Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) has said that the company’s chairman held positive talks with Ugandan President Yoweri Museveni over the future of Uganda-based telecoms operator UTL. Dr. Faisel Gergab said that discussions with the President focused on the transformation plan to turn the company around, significantly boosting the company’s […]

LAP GreenN "Growth Story of the Year"

LAP GreenN, a wholly owned subsidiary of the Libya Africa Investment Portfolio, has won in the category of ‘Growth Story of the Year’ at this year’s TMT Finance & Investment MENA Awards 2014 held in Dubai recently. According to a report from Uganda's Independent, the company’s CEO, Wafik Al Shater (pictured) and COO, Dimitris Lioulias […]

Libya to Buy into Tunisie Telecom?

A unit of Libya's sovereign wealth fund is reported to be in talks to buy a 35-percent stake in state-owned Tunisie Telecom. Emirates International Telecommunications LLC (EIT), a subsidiary of Dubai Holdings, has put its 35-percent stake in the company up for sale to cut its debt; it bought the stake for $2.25 billion in […]

Libyan LAP GreenN Resumes Operations in Uganda

Libya’s telecommunications investment arm, LAP GreenN, announced Thursday that shareholders and directors of its wholly-owned subsidiary, UCOM, have been fully reinstated to resume their management control responsibilities of Uganda Telecom Limited (UTL). UCOM, through its US$ 200 million investment, controls 69 percent of the Uganda's fixed and mobile telecommunications company, Uganda Telecom Limited. Commenting on […]

Libya’s LAP GreenN resumes telecom operations in Uganda

Libya’s telecommunications investment arm, LAP GreenN, announced Thursday that shareholders and directors of its wholly-owned subsidiary, UCOM, have been fully reinstated to resume their management control responsibilities of Uganda Telecom Limited (UTL). UCOM, through its US$ 200 million investment, controls 69 percent of the Uganda's fixed and mobile telecommunications company, Uganda Telecom Limited. Commenting on […]

Libya firms sues Zambia over seizure of telecom

Libya's LAP Green Networks is suing the Zambian government for $480 million over the seizure of its 75 percent stake in the country's only fixed line telephone operator, the company said on Monday. "We are compelled to take this course of action as dictated by the procedure set out in Zambian law," LAP Green said […]