LTC to receive USD170 million

16 Feb 2005

Liberian telco Liberia Telecommunication Corporation (LTC) is expected to receive an investment of USD170 million from US-based company Universal Telephone Exchange (UTE), as part of a privatisation contract for the telco. The funds will be put towards the modernisation and development of its network, which is currently severely compromised following war damage. UTE also operates in Ghana and other states in west Africa.