CAIRO: The sale of Rwandatel will not be going 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 adminstration 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 of bidding on the company, which is expected to begin fielding bids before the end of the year. “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. “They approached us with a view of participating in the liquidation process and it is possible they (LAP Green) will participate like any other potential buyer,” RURA Director General, Regis Gatarayiha, said earlier last month. BM ShortURL: http://goo.gl/TgrX8 Tags: LAP Green, Rwanda, Telecom Section: East Africa, Libya, Tech
