Niger has confirmed a deal with Libya's LAP Green Network for a ten-year majority share in state telecommunications firm Sonitel and its mobile arm, Sahel Com, according to a government statement.
Under the deal, Green Network -- part of the Libyan African Investment Portfolio (LAP) -- will pay 31 billion CFA francs for a 51 percent share in a ten year licence for the communications firms, which will be fused into one.
The investment comes despite Green Network being hit by United Nations sanctions targeting Libyan leader Muammar Gaddafi, with Zambia in March saying it was freezing Green's assets there.
No comments:
Post a Comment