This is a week old, but here it is for the record:
-Lee

LIBYA Africa Portfolio's (LAP) Green Com has acquired majority shares in Uganda Telecom (utl).

Sources revealed that the company, the investment arm of the Libyan government, acquired 51% shareholding in utl after buying out UCOM.

UCOM is the consortium that owned a 51% stake in utl. The remaining shares are owned by the government of Uganda.
"The deal is done. LAP Green Com has bought into utl. The process is being finalised and once concluded, it will be announced," a source explained.


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