Last week, Faisal Gergab, chairman of the Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) to which was transferred all Libyan assets in Africa, met, in Cote d’Ivoire, with the Ivorian ICT minister, Bruno Nabagne Koné. During the audience granted him, the Libyan representative presented the Ivorian minister a plan for str ategic development of mobile operator Oricel, Telecom Paper reveals.
Oricel, sixth operator in terms of market shares is being forced by government to merge with its rivals Comium and Café Mobile. Truly, the three are considered as small operators because of their small number of customers (less than 3 million) and their weak financial power. Government through its plan for restructuring its ICT sector and get a more competitive market thus intends to force a merger of these companies, that owe him billions of FCFA, into a fourth operator behind Orange, MTN and Moov. However, determined to preserve the identity and interests of the Libyan Oricel through a recovery plan, LPTIC rejects the solution.
After meeting with Bruno Nabagné Koné, Faisal Gergab cited by Developing Telecom said that Oricel’s plan to develop in Cote d’Ivoire would come through new investments, the introduction of new products and services to improve its competitiveness.
Last August, when LPTIC acquired Oricel’s assets, a source internal to the operator spoke of an upcoming injection of about $150 million to restart the firm’s activities.
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
The Democratic Republic of Congo and Angola will hold their third bilateral economic forum from March 31 to April 3 in Kinshasa. The forum will focus...
Burkina Faso ratified a $80.3 million loan from the African Development Bank to modernize transport infrastructure. The project targets road...
The European Union launched PanAfGeo+ Invest to promote EU investments in critical minerals across Africa. The program targets Democratic Republic of...
Tshisekedi orders Grand Inga agreements finalized within 60 days Government to adopt legal framework to unlock World Bank support Inga 3...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...