Tuesday, June 21, 2011

Niger - Govt terminated privatisation agreement with LAP Green because it failed to pay Network

[bloomberg] Niger’s government has canceled an agreement for LAP Green Network of Libya to buy 51 percent of state-owned telecommunications companies Sonitel and Sahel Com, said Salifou Labo Bouche, communications minister.

“We are currently looking for another buyer,” the minister said on national television yesterday. The decision comes after the government “waited in vain” for a payment from the Libyan company, he said.

Niger Government Cancels Pact for Libya’s LAP Green to Buy Telecoms Stake

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