Zambia: Libyan telecom shares frozen

Zambia has frozen LAP Green Network’s 75 per cent shares in Zamtel in conformity with the international community’s decision to freeze all assets belonging to Libya following the unrest in the Arab country, Zamtel managing director Hans Paulsen said in Lusaka on 15 April. The international community has been freezing some Libyan assets dotted across the globe. Mr Paulsen said Zamtel will not be affected by the new development and there is no need for customers to worry.