Libya state telecoms sector seeks cooperation with US tech firms

2 Mar 2021

Libya’s state telecoms sector is looking to cooperate with American technology companies and open up the sector to foreign investment, Libya Herald has reported. Faisel Gergab, chairman of the Libyan Post, Telecommunications and Information Technology Company (LPTIC) – the government body in charge of all state-owned companies in the post and telecoms sectors – held a meeting on 26 February with the US embassy’s Commercial Attache, Daniel Liss, US Director of the American Chamber of Commerce in Libya (AmCham Libya), Debbie Hirst, and a group of American telecoms and technology companies interested in investing in Libya.

During the meeting, LPTIC and its subsidiary companies outlined the vital role they play in providing technology and telecom services throughout Libya and the importance of cooperation with American technology companies in development and investment in the sector. Explaining LPTIC’s plans for 2021-2023, Mr Gergab noted that ‘international companies are considered strategic partners in development and investment in Libya and LPTIC is looking forward to more cooperation between the US and Libya.’ Mr Liss expressed support for the LPTIC’s efforts to attract American investment and noted that ‘advances in telecommunications technology, coupled with political stability, will open greater economic opportunities for Libyans and make Libya a stronger investment partner’.

Libya, Libyan Post, Telecommunication and IT Company (LPTIC)