Lap Green Networks Denies Reports of Sale to Irish Businessman
Published on: 1st Dec 2011
Note -- this news article is more than a year old.
Libyan state owned telecoms network holding company, Lap Green Network has denied that it has been sold to the Irish telecoms investor, Denis O'Brien but did concede that talks had taken place under the previous government.
"We hired an international lawyer to help us lift the sanctions," Wafik Shater, chairman of the board of directors appointed after following the downfall of Muammar Gaddafi, told the Reuters news agency.
"The sanctions are extremely damaging to our business and preventing us from expanding our business. We would like the U.N. Security Council to address the issue," he added.
He denied speculation that the company has been sold to a British consortium but said that LAP Green's previous management had been involved in talks with potential buyers.
Lap Green Network has operations in Uganda, Rwanda, Niger, Ivory Coast, southern Sudan, Togo, Sierra Leone, Chad and Zambia.
On the web: Reuters