TRIPOLI, Libya, December 6, 2016 /PRNewswire/ --
LPTIC announced on Tuesday (December 6) that the company's chairman had held positive talks with HE President Yoweri Museveni over the future of UTL.
The talks took place in the Ugandan capital Kampala on November 22.
Chairman of Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) Dr. Faisel Gergab said that discussions with the President focused on the transformation plan to turnaround the Ugandan based telecoms operator UTL that would significantly boost the company's existing Data Services.
According to LPTIC Chairman Dr. Faisel Gergab, HE President Museveni reaffirmed the government's willingness to work with LPTIC to transform UTL into a leading universal telecoms service provider
HE President Museveni also provided suggestions for ways to implement the new plan that would 'help turn the company around'.
"Our talks with HE President Museveni were very fruitful and positive," LPTIC Chairman Dr. Faisel Gergab said. "We see an exciting future for UTL as it begins the transformation from legacy old-style PTT to a modern ICT company that will offer high quality and competitive services."
"As part of a bold transformation plan, UTL will be upgrading its technology in the next year, adding 4G capabilities to provide a wide range of high-quality, high-speed data services to both mobile and fixed customers," Dr. Gergab added.
Despite recent challenges, UTL continues to provide vital services across the spectrum for consumers, small and medium sized enterprises (SMEs) and large corporate enterprises.
UTL is one of the longest-running telecom operators in Uganda, established since 1998. LPTIC via its subsidiary LAP-Green holds 69% majority shareholding in UTL whilst the Ugandan Government holds a minority 31% shareholding in the company
According to the company, LPTIC and Ugandan stakeholders, including the Ministry of Finance and Privatization, developed a plan which was approved by UTL's Board and shareholders at meetings held in mid-2016.
However, the execution of the plan, has been delayed due to several obstacles. Following the meeting with HE President Museveni, all Parties are now confident that there will be real progress to quickly remove the obstacles that have blocked the implementation of the agreed plan, and clear the way forward to commend the execution of UTI transformation plan.