Uganda Telecom is one of four telecommunications companies under LAP Green, the telecom investment arm of Libya's Africa Investment Portfolio -- one of the legacies of Moammar Gadhafi, who was deposed and killed last year.

Uganda Telecom, like LAP's Africa operations in Zambia, Ivory Coast and South Sudan, was subject to U.N. sanctions last year after the uprising that overthrew Gadhafi.

Wafik Al-Shater, LAP Green's chairman, said the group's directors had been fully reinstated as Uganda Telecom board members and have resumed their management responsibilities of the company. LAP Green controls 69 percent of the fixed and mobile telecom company, with the Ugandan government owning the rest.

"I and the entire team are delighted to have our full board rights as majority shareholders of Uganda Telecom restored, and subsequent to the recent UTL board meeting on the 21st of May, we're now pleased to resume full operational management control," a company press statement quoted Al-Shater as saying.

Donald Nyakairu, Uganda Telecom's acting managing director, said the company expects to invest US$60 million and raise mobile subscriber numbers to 2.2 million from 1.6 million now. He added that the company will expand its infrastructure.