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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

Court to look at sale of Zambian phone company

Posted on 04 October 2010

From Nytimes.com: Residents of Lusaka, the capital of Zambia, have been grumbling that since a Libyan state company took over the domestic phone company this summer, it is harder than ever to place a call.
To be fair, it’s early days for the Lap Green Network, the new owner, which is promising significant investment. In June, Lap Green — part of the Libyan sovereign wealth fund — bought 75 percent of Zamtel, the ailing Zambian telecommunications company, for $257 million……………………………………….Full Article: Source

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