The LAP Green apple does not fall far from the Tecnotree …

9 Apr 2013

Pan-African telecoms holding company LAP Green Network and IT solutions provider Tecnotree have agreed to renew their strategic partnership, and as part of that process have amicably resolved their disputes related to past financial obligations, as previously reported in the financial statements of Tecnotree. The parties have agreed on the terms and conditions of their future collaboration and the total value of the agreement is USD5.5 million, payable across 2013 and 2014. As part of the agreement, Tecnotree resumes full support services to LAP GreenN and updates software in use to latest available versions within the next 18 months. Along with the new agreement the parties express their intention to deepen their partnership also in new fields.

Tecnotree is a global provider of telecom IT solutions for the management of products, customers and revenue. While comparatively minor in the grand scheme of things, the deal offers more proof that the much-maligned Libyan holding company is forging ahead with efforts to reassert itself in its African markets after the death of its former owner Colonel Muammar Gaddafi and the transfer of its assets to the National Transition Council (NTC).

In March 2013 it was reported that LAP Green was committed to launching mobile services through its Ambitel unit in Sierra Leone, despite accusations that it had breached a payment agreement to Ambitel founder, Michael Kenneth Ondaan. In addition, a recently updated ‘operational footprint’ map included on the website of LAP Green’s Ivorian subsidiary indicates that the company is poised to launch services ‘imminently’ not just in Sierra Leone, but also in Togo (under the GreenN Togo brand). Further, the Libyan telecoms holding company has designated Burundi, Democratic Republic of Congo (DRC), Ethiopia, Tanzania and Equatorial Guinea as markets in which its pursuit of mobile licences is said to be ‘ongoing’.

Libya, LAP Green Network