Libya Planning to List Mobile Network on the Stock Exchange
Published on: 18th Sep 2013
Note -- this news article is more than a year old.
The Libyan government says that it plans to list one of its two state owned mobile networks on the stock market next year.
The government-owned Libyan Post, Telecommunication and Information Technology Co (LPTIC) owns the country's two mobile operators Al Madar and Libyana.
Libyana has a market share of around 70 percent, and is seen as the most likely candidate for listing on the Tripoli stock exchange around the second quarter of next year.
"This is a company we want to do an IPO for hopefully next year," Faisal Gergarb, LPTIC chairman told the Reuters news agency.
The government has already announced plans to issue a tender for a third mobile operator license to a foreign investor to shake up the market.
On the web: Reuters