According to news reports, the government of Senegal has sold its interest in the national telecommunications company Sonatel to France Telecom, making it the majority shareholder with 52.2 percent of Sonatel shares.
The government says it makes Sonatel a better value, but its workers don't think so. They've promised to strike.
Senegal will remain the second largest shareholder in Sonatel with 17.28 percent of the capital. Current Sonatel shareholders gain a premium of 32 percent over the stock price as of April 7, 2009. Thus the government gains 200 billion CFA francs (305 million Euros) without cutting Sonatel's budget.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment