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.


more @ allAfrica.com

New Uganda Telecom -Saudi based Hits

A NEW telecom company, the Saudi-based Hits Telecom, has started operating in Uganda alongside MTN, Uganda telecom and Celtel. Its local partner is Veritus Communications. “Clearly, there is need to increase the network capacity in Uganda to meet the existing as well as the future demand of subscribers,” explained Edwin Rodwell, the company’s chief executive.

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