Libyan LPTIC Chairman meets the Telecommunication Minister of Ivory Coast in Abidjan to Discuss a Restructuring Plan for Oricel
by Le Magazine de la Diaspora Ivoirienne et des Ami(e)s de la Côte d’Ivoire | 25 janvier 2016 16 h 01 min
Abidjan, Ivory Coast, (22 Jan 2016) Chairman of Libyan Post, Telecommunication and
Information Technology Holding Company Dr. Faisel Gergab has held a meeting earlier
this month with the Minister of Telecommunication and Information Technology of the
Republic of Ivory Coast Mr. Koné Bruno at the headquarters of the ministry in the Ivorian
city, Abidjan.
This meeting comes as part of a comprehensive strategic plan developed by LPTIC in
order to improve and develop its subsidiary company ORICEL. The main goal of this
meeting was to discuss the current operational and regulatory challanges facing the
company and provide a comprehensive action plan to the Government of the Ivory
Coast aimed at restructuring the company and improve its competitive position in the
local market, in addition, to secure the renewal of the license and obtaining new
universal integrated telecom license to improve and provide new services.
Importantly, As part of the restructuring of the telecommunications investment in Africa
last August, ownership of Lap Green was transfered from Libya Africa Investment
Portfolio (LAIP) to Libyan Post, Telecommunication and Information Technology Holding
Company (LPTIC), LPTIC’s strong home position will enhance the value of its new African
based assets, develop growth opportunities and create synergies with its Libyan
operations and other global infrastructure investments.
After the meeting, Dr Faisel Gergab said: “The meeting with Mr. Koné Bruno was
important and successful, all indications were positive. With the help of integrated
global consulting firms, a strategic plan was presented and discussed thoroughly to
restructure and improve Oricel’s position in the market by offering new and diverse
services for the Ivorian market, this will enhanc the competitiveness of the company in
the domestic market and achieve investment returns.
Despite the long-awaited announcement of an election date for 31 October, key issues remain unresolved. And while a younger generation Read more
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