Rwandatel will not be sold to Libya’s LAP Green as the company continues to reel during the post-Muammar Gaddafi era.
The announcement from Rwanda’s telecom operator’s administration on Wednesday comes less than a month after Zambia revoked the sale of its telecom operator to the Libyan company. Rwandatel is up for sale as part of its liquidation process.
The Libyan company had previously approached those responsible for the sale in order to gauge a possible bid to reclaim the assets of the company, which had been a subsidiary of LAP Green.
But with major players on the telecom scene interested in the purchase, including Bharti Airtel, LAP decided to bow out.
“Lap Green was given an opportunity to submit a bid like any other player, but they didn’t submit any, now I can declare them out of the running,” Rwandatel’s Administrator, Richard Mugisha, said in a press release.