{"id":254738,"date":"2025-09-15T23:46:03","date_gmt":"2025-09-15T21:46:03","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=254738"},"modified":"2025-09-15T23:49:59","modified_gmt":"2025-09-15T21:49:59","slug":"lptic-restructures-subsidiaries-mandates-amid-internal-opposition","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/lptic-restructures-subsidiaries-mandates-amid-internal-opposition\/","title":{"rendered":"LPTIC Restructures Subsidiaries\u2019 Mandates Amid Internal Opposition"},"content":{"rendered":"\n

Libya Telecom and Technology Company issued a new decision to restructure the mandates of some of its subsidiaries, in a move described as procedural and organizational. However, these decisions quickly sparked mixed reactions\u2014some viewed them as necessary administrative reforms, while others expressed opposition, fearing their impact on operational workflow within the sector.<\/p>\n\n\n\n

The board of directors\u2019 decision outlined the specific mandates of the subsidiaries and called for the formation of handover committees between the group\u2019s companies within a maximum period of 90 days. Tasks include inventorying, cataloging, and transferring ownership of equipment, systems, and networks to the relevant companies, evaluating them based on their book value, and registering them as company assets. The decision also allows for agreements to operate the equipment instead of transferring it, under the direct supervision of the owning company.<\/p>\n\n\n\n

The decision further requires subsidiaries to prepare a draft project to amend their articles of association regarding their purposes and objectives, including the mandates set by this decision, in preparation for presentation to an extraordinary general assembly.<\/p>\n\n\n\n