The Ugandan government said it has taken over the management of Libyan-owned Uganda Telecom to comply with UN sanctions, according to Dow Jones.
Information and communication technology minister Aggrey Awori was quoted saying that as a regulator and a…
The Ugandan government said it has taken over the management of Libyan-owned Uganda Telecom to comply with UN sanctions, according to Dow Jones.
Information and communication technology minister Aggrey Awori was quoted saying that as a regulator and a minority shareholder in Uganda Telecom, the government had decided to take over management of the company to safeguard its interests and the interests of its customers.
The authorities have reportedly appointed an oversight committee, to be supervised by the regulator, the Uganda Communications Commission, which will be responsible for day-to-day operations.
The oversight committee will be in charge of negotiating a settlement with other mobile operators which are claiming interconnection fees from Uganda Telecom. MTN Uganda claims UGX20bn (US$8.3m) and Airtel Uganda UGX8bn (US$3.3m).
The Libyan government’s telecoms investment arm LAP Green Network controls Uganda Telecom.
Libyan state investment group LAP GreenN is also present in Chad, Ivory Coast, Niger, Rwanda, Southern Sudan and Zambia.
Last week, the latter said it had frozen Libyan state’s assets and Rwandan President Paul Kagame was quoted saying he backed the international action in Libya.
