LIBYA IN USD40 MILLION DEAL WITH CHINA’S ZTA TO DELIVER MOBILE NETWORK

Telecoms

China’s ZTA company has signed a USD40-million contract to install a new network of 600,000 mobile phone lines in Libya, the director of the state telephones and communications company said. Mohamad Kadhafi, a son of Libyan leader Colonel Moamer Kadhafi, told a press conference over the Christmas period that work to install the network was due to start early next year. A new company named Libyaco was expected to operate the network, he said. In November, Libyan Prime Minister Shukri Ghanem announced a vast privatisation program in the country that could see the state sell more than 300 firms to the public.

Middle East Online