The Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) is implementing a strategic plan to develop its Ivorian subsidiary Oricel.
To this end, the LPTIC’s chairman Dr. Faisel Gergab has met with Ivory Coast’s Minister of Telecommunication and Information Technology, Koné Bruno, in the city of Abidjan to discuss the current operational and regulatory challenges facing the company.
The goal was to provide the Ivory Coast’s government with a comprehensive action plan aimed at restructuring the company and improving its competitive position in the local market, as well as securing the renewal of its licence and obtaining a new universal integrated telecom licence to deliver new and improved services.
As part of the restructuring of telecommunications investment in Africa last August, ownership of Lap Green was transferred from Libya Africa Investment Portfolio (LAIP) to Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC). The latter’s strong home position will enhance the value of its new African based assets, develop growth opportunities and create synergies with its Libyan operations and other global infrastructure investments.
After the meeting, Dr Faisel Gergab said: “With the help of integrated global consulting firms, a strategic plan was presented and discussed thoroughly to restructure and improve Oricel's position in the market by offering new and diverse services for the Ivorian market, this will enhance the competitiveness of the company in the domestic market and achieve investment returns.”