The New Generation Technology Company in Libya has invited its general assembly members to an extraordinary meeting on Thursday to discuss a proposal to merge with the Libya Communications and Technology Company. The meeting's agenda includes a single item regarding the merger, and if the legal quorum is not met, the meeting will be held on Sunday, October 4, at the same time and place.
The invitation comes amid opposition from some employees of New Generation Technology Company, who have organized protests in Benghazi and Tripoli against the merger, demanding accountability for those responsible for corruption in the communications sector. The Libyan Postal, Communications and Information Technology Holding Company had previously requested that both companies halt the merger procedures.
The head of the Audit Office, Khalid Shkshak, met with the General Manager of the Libyan Postal, Communications and Information Technology Holding Company to discuss the merger file, including its drivers, expected outcomes, and impact on performance and efficiency of communication services.
The Libyan Ministry of Communication and Information Technology has also contacted the companies targeted for merger or integration, urging them to refrain from implementing any directives or decisions that would lead to the merger or restructuring of the targeted companies. The Ministry warned that violating its circular and decisions made by the Libyan Parliament and Government would expose those responsible to legal accountability.
The Ministry's executive actions aim to preserve the independence and entity of sector companies and the rights of their employees. The developments reflect the complex situation in Libya's communications sector, with various stakeholders expressing concerns about the potential merger.
The proposed merger has sparked debate among employees, with some opposing the move due to concerns about job security and corruption. The Libyan government and regulatory bodies are closely monitoring the situation, seeking to balance the interests of various stakeholders.
The New Generation Technology Company's call for a general assembly meeting marks a significant step in the potential merger process, which will likely have far-reaching implications for Libya's communications sector. Key players will be watching closely as the situation unfolds.
Key points
- The New Generation Technology Company will hold a general assembly meeting to discuss a merger proposal with the Libya Communications and Technology Company.
- The proposed merger has sparked opposition from some employees, who cite concerns about job security and corruption.
- The Libyan government and regulatory bodies are closely monitoring the situation, seeking to balance the interests of various stakeholders.
