No Result
View All Result
Wednesday, May 31, 2023
21 °c
Tripoli
22 ° Thu
22 ° Fri
24 ° Sat
25 ° Sun
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Libyan telecoms companies will be competitive in Africa: LPTIC Chairman Faisel Gergab

bySami Zaptia
September 11, 2015
Reading Time: 2 mins read
A A
14
SHARES
60
VIEWS
Share on FacebookShare on Twitter

By Libya Herald reporter.

57-LPTIC logo

London, 11 September 2015:

Libyan-owned telecoms companies can be . . .[restrict]competitive in Africa, Libyan Post and Telecommunications Information Technology Company (LPTIC) Chairman Faisel Gergab insisted, commenting on the recent transfer of control of Libyan Sovereign Wealth owned assets to the LPTIC.

Gergab was referring to the recent takeover of control by LPTIC of Libya Africa Portfolio’s (LAP) LAP GreenN telecoms assets in South Sudan, Uganda and the Ivory Coast

RELATED POSTS

LPTIC denies its mobile phone operator Libyana was hacked

LIA local investments to be activated within legal process

State holding company LPTIC owns all the main state telecommunications companies in Libya including the two main state mobile operators Libyana and Al-Madar, the main state internet provider Libya Telecom and Technology (LTT), Aljeel, International Telecommunications Company, Hatef Libya and the real estate investment company Alboniya.

LAP, with investments valued at US$ 5 billion, is a subsidiary of the Libyan Investment Authority (LIA), Libya’s main sovereign wealth entity, with investments valued at US$ 67 billion.

Speaking to BBC News at the end of August, Gergab said that LPTIC aims to help diversify the Libyan economy away from the predominant hydrocarbon sector. He explained that his company’s efforts are being hampered by the political and security crises in Libya.

The LPTIC Chairman admitted that competition in some African states in the Telecoms sector was fierce, but insisted that LPTIC’s newly acquired companies would be ‘’very competitive’’.

Gergab said in some small African countries there were as many as seven different telecoms operators, but added that Libyan owned companies thanks to LPTIC will have ‘’a massive competitive advantage’’.

LPTIC has an in depth knowledge of the sector he explained with access to its RASCOMSTAR Africa satellite which would give it an advantage in rural areas, it would have competitive services to offer its African customers.

Gergab said that after gaining full control over its new assets in the short term, LPTIC plans to embark on an expansion plan in Africa. [/restrict]

Tags: Faisel Gergab LPTIC ChairmanfeaturedLAP GreenNLAP Libya Africa Investment PortfolioLIA Libyan Investment AuthorityLPTIC Libyan Post Telecommunications and Information Company
Share6Tweet4Share1

Related Posts

Sirte and BACB to improve cooperation
Business

Sirte Oil Company’s smart fields give it higher efficiency, more accurate real-time data for timely decisions

May 31, 2023
The International Conference on Arbitration in Libya – held in Tripoli with international participation
Business

The International Conference on Arbitration in Libya – held in Tripoli with international participation

May 30, 2023
UNDP launches Deraya Entrepreneurship Initiative for youth
Business

UNDP launches Deraya Entrepreneurship Initiative for youth

May 30, 2023
GECOL says all eastern power stations ready to operate
Business

GECOL supplies new equipment and spare parts for its stations and confirms ability to end power cuts

May 29, 2023
Expected Resumption of Commercial Activity of Libyan Merchants in Tunisia, while Two Tunisians Were Injured by a Nalut Local
Business

The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

May 27, 2023
NOC condemns Friday’s Mitiga aviation fuel depot shelling, evacuates staff
Business

An instant 350 cylinder per hour cooking gas filling station opened in Jalo

May 27, 2023
Next Post
Over 20,000 without National ID Numbers collecting ESDF low-income salaries

Over 20,000 without National ID Numbers collecting ESDF low-income salaries

LIA chief says it will invest in Libyan private sector

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • State recognised militia and Libyan Army clash in central Tripoli

    State recognised militia and Libyan Army clash in central Tripoli

    203 shares
    Share 81 Tweet 51
  • Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

    135 shares
    Share 54 Tweet 34
  • US Embassy in Tripoli announces easing of visa protocol: One-year multiple entry visas now replace three-month single-entry visas

    110 shares
    Share 59 Tweet 21
  • The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

    62 shares
    Share 25 Tweet 16
  • Libya loses US$ 5 bn annually due to illegal Tuna fishing within its territorial waters

    116 shares
    Share 48 Tweet 29
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Sirte Oil Company’s smart fields give it higher efficiency, more accurate real-time data for timely decisions

Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?