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Thursday, 26 May 2011 - Niger signs off on Libyan deal for state telecom firm |
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    Read more with google mobile : Niger signs off on Libyan deal for state telecom firm |

    Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Hedge fund star calls for Microsoft's Ballmer to go 25 May 2011 Top war crimes suspect Mladic arrested in Serbia | 11:40am EDT Arizona executes convicted child killer 10:19am EDT Hedge fund star Einhorn calls for Microsoft's Ballmer to go 11:30am EDT Apple fights fake anti-virus software vendors 5:22am EDT Discussed 329 Obama and Netanyahu face tense meeting on Mideast 127 As hours tick by, ”Judgment Day” looks a dud 105 Broadcaster silent as Judgment Day hours tick by Watched Ultra-realistic robots test our relationship with machines Wed, May 25 2011 Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 Zynga buzz grows 4:15am EDT Niger signs off on Libyan deal for state telecom firm Tweet Share this NIAMEY (Reuters) - 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 --... Email Print Related News Obama warns Gaddafi of "no let up" Wed, May 25 2011 Tripoli death toll up to 19: state TV Tue, May 24 2011 EU foreign policy chief visits Libya rebel zone Sun, May 22 2011 Obama says Gaddafi's departure from Libya inevitable Thu, May 19 2011 Libya's top oil official defects: Tunisian source Tue, May 17 2011 Analysis & Opinion Africa is open for business Is Africa still a victim of capital flight? Related Topics Technology » United Nations » NIAMEY | Thu May 26, 2011 8:46am EDT NIAMEY (Reuters) - 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 ($65.86 million) for a 51 percent share in a ten year license 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. Sonitel was previously controlled by a Chinese-Libyan consortium, Dataport, but the deal was scrapped by Niger's government in 2009, partly due to the lack of investment. A union spokesman complained that the new deal would be no better and called for an international tender for the contract. The new deal was first agreed by the country's military government in January. The uranium-exporting West African nation is now headed by Mahamadou Issoufou, who came to power after winning an election in March. "Directives were given to apply this protocol," according to a government statement, which was read on state television late on Wednesday after a cabinet meeting. A spokesman for the main telecommunications union immediately rejected the deal, saying that Green's investment would be no better than the previous one, which brought together China's ZTE and the Libyan Arab African Investment Company. "Whether it is LAAICO or the Green Network, it is the same thing - it is Libya," said Adam Amoumoum, spokesman for a collection of unions covering the telecommunications sector. "As before, they will not respect their promises and Sonitel will not be made profitable. We call for an international tender (for the contract)," Amoumoum added. LAP is Libya's flagship Africa investment vehicle, which was launched in 2006, and the Green Network operates in a number of African countries. ($1=470.7 Cfa Franc) (Reporting by Abdoulaye Massalatchi; writing by David Lewis; Editing by Richard Valdmanis) Technology United Nations Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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