Bloomberg News

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

June 15, 2011

June 15 (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 yeterday. The decision comes after the government “waited in vain” for a payment from the Libyan company, he said.

To contact the editor responsible for this story: Victoria Batchelor at vbatchelor@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus