The Libyan Investment Authority (LIA) has denied that it has completed a deal to sell its telecoms unit LAP Green Network to a British-led consortium including Digicel chairman Denis O’Brien, whilst confirming that it has enlisted an international lawyer to lift United Nations (UN)-imposed sanctions that have severely impacted on its business this year. Wafik Shater, chairman of the board of directors, who was appointed following the downfall of Colonel Muammar Gaddafi, told Reuters Africa: ‘There was never a signed agreement with any of them to sell LAP Green or any of its individual operations’.
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OVETEL LAP Green denies rumours of sale
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