LIBYA TO PRIVATISE MOBILE PHONE SECTOR

Telecoms

Libya is planning to privatise its mobile phone sector next week as part of a programme of wider economic reforms, the son of Libyan leader Moamer Kadhafi said Thursday.

"The two mobile phone companies, Al-MadarAl-MadarAl Madar Telephone Company and LibyanaLibyanaLibyana Mobile Phone, will go private as of Tuesday," Seif al-Islam said during the inauguration of a national council for economic development.

State-owned LibyanaLibyanaLibyana Mobile Phone and Al-MadarAl-MadarAl Madar Telephone Company have around 2.3 million users out of a population of six million inhabitants.

Oil-rich Libya has undergone a dramatic diplomatic reversal since agreeing to stop developing weapons of mass destruction and denouncing terrorism, and with its newly opened economy is gradually returning to the international fold.

AFP