Tripoli, Libya, January 14, 2017, the board of directors of the Libyan Post, Telecommunication & Information Technology Holding Company (LPTIC) welcomes the recent court order issued by the Court of Northern Tripoli on June 4, 2017, which legally and officially ends the legal dispute over the legitimacy of the LPTIC Board of Directors.
The Libyan people acknowledge that the divisions and political polarization, coupled with the precarious security situation in Libyan institutions (LPTIC included), has unfortunately caused immense damage and losses, as well as halted a number of strategic projects in both government and private sectors. Therefore, this decision helps in bringing stability to LPTIC in particular and the telecommunications sector in general. The decision also allows for the return of global telecommunications companies, in order to resume their strategic projects with our local and international partners to rebuild our infrastructure. In addition, it will allow for the implementation of a series of decisions that should end the current state of centralization and distribute efforts and services nationwide.
Over last few months, LPTIC worked on a number of strategic projects that are poised to develop and advance current services. These projects include and not limited to the development of (4G) LTE networks, the establishment of ICT academy, the restructuring the telecommunications sector and the fiber optic project (HTTX) to name a few.
Dr. Faisal Gergab, LPTIC’s chairman stated that LPTIC has adopted a policy of neutrality and non-partisan position on all issues throughout the political turmoil in the country.
Furthermore organisational stability, business continuity, and service provision to all of our costumers has always been LPTIC’s management top priority.
Dr. Gergab also added that this court order will immediately end organizational division within the ICT sector and will allow LPTIC to restart its operations from the its headquarters in Tripoli enabling the rapid implementation of some of the key strategic projects. Reinstatement of LPTIC’s partnership agreements will allow the ICT sector in Libya to be reformed and developed which is a critical to the Libyan economy. LPTIC has a fundamental role in creating a knowledge and services based economy and support a nationwide initiative to build local capacity.
Notes to Editors
Libyan Post, Telecommunications and Information Technology Company (“LPTIC”) is a sovereign holding company that was established for the purpose of developing the ICT sector in Libya and investing in telecommunications infrastructure in Libya and abroad. The company owns a group of investments inside and outside the country. LPTIC’s vision is to continue establishing itself as a modern and diversified telecommunications, information technology and postal services provider supporting the development of a knowledge-based economy through the provision of critical services, as well as driving customer satisfaction by delivering world-class services.
LPTIC owns major telecommunications companies including: the mobile operators Libyana and Al-Madar, Libya Telecom and Technology (LTT), Aljeel, International Telecommunications Company, Hatef Libya and the real estate investment company Alboniya.
These companies play a significant role in the development of the ICT sector in Libya where they operate to provide the largest possible number of citizens and enterprises with fixed, mobile and internet services.
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