LPTIC set to pay USD15.6m to settle GreenN Cote d’Ivoire debts

28 Aug 2015

The Libyan Post, Telecommunications and Information Technology Company (LPTIC) must pay the government of Cote d’Ivoire XOF8.9 billion (USD15.6 million) in order to seize back full control of Ivorian mobile operator GreenN Cote d’Ivoire, Agence Ecofin reports. The figure represents unpaid taxes and licence fees, with the Ivorian government previously declaring its intention to nationalise debt-wracked mobile duo GreenN and Comium in lieu of payment owed.

As previously reported by TeleGeography’s CommsUpdate, earlier this week LPTIC announced the strategic consolidation of a number of Libyan-owned telecoms companies currently operating in sub-Saharan Africa. The businesses in question were previously managed as part of the wider investment portfolio of the Libyan Investment Authority (LIA), and managed by LAP Green Network. Companies affected by the corporate reshuffle include: GreenN Cote d’Ivoire, Uganda Telecom Ltd (UTL) and South Sudan-based Gemtel.

Côte d'Ivoire, GreenN Cote d'Ivoire (formerly Oricel), LAP Green Network, Libyan Post, Telecommunication and IT Company (LPTIC)