LAP Green denies Vodacom takeover talks; Rwandatel definitely not for sale

3 Feb 2011

LAP Green Network, the telecoms holding company owned by the Libyan government, has refuted media reports that it is poised to sell off its stakes in Rwandatel and Uganda Telecom to South Africa’s Vodacom Group. In an interview with Rwandan newspaper The New Times, LAP Green managing director Abdulbaset Elazzabi commented: ‘That information isn’t true at all because if we had something big like that [lined up], I would have known about it. We are expanding our operations. As I talk to you now, I am in Abuja where we intend to have a new network’. Victor Kinuma, Rwandatel marketing manager, agreed with Elazzabi’s assessment, explaining: ‘LAP Green has the capacity to invest and improve the network operations. It cannot just sell its newly purchased operations’. Kinuma added that Rwandatel recently inked a deal worth USD35 million with Huawei to expand its operations across the country.

Earlier this week Balancing Act Africa cited ‘reliable sources’ who had indicated that Vodacom was close to signing a deal with LAP Green to take over its recently purchased operations in Rwanda and Uganda. The website claimed that ‘a draft of the agreement clearly indicates that Vodacom would take over a majority stake and have technical control, whilst LAP Green would remain a significant minority shareholder’.

Libya, Rwanda, LAP Green Network, Rwandatel, Uganda Telecom Limited (UTL), Vodacom Group