Africanews reports that the Libyan government has warned the Ugandan government over its move last month to repossess the Libyan government’s shares in Uganda Telecom Limited (UTL).
Libya’s state-owned UCom had held 69-percent of the shares in UTL since 2010, with the Ugandan state owning the remaining 31 percent; the Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) in turn owns UCom via its subsidiary LAP GreenN.
A lawyer for Ucom is quoted as saying that the decision by the Uganda government to take over the company “is not in conformity with law.”
