LAP snaps up 51% of Sonitel

21 Jan 2011

Reuters reports that LAP Green Networks has agreed to acquire 51% of Niger’s state-owned telco Sonitel for USD63.6 million. LAP CEO Abdul Basit Al Azzabi said that over the next five years the Libyan company plans to invest USD146 million in Sonitel and its wireless arm SahelCom. Niger has become something of a telecoms hotspot in recent years, with Bharti Airtel, France Telecom and Atlantique Telecom all operating there. LAP also owns operators in Rwanda, Uganda, Ivory Coast, Sierra Leone, Sudan, Chad and Togo.

Niger, LAP Green Network, Niger Telecoms (formerly Sonitel/SahelCom)