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FDI: Treatment and operations, nes
On March 21, 2012, the government of Niger decided to nationalise the telecommunications firm Sonitel as well as its mobile subsidiary SahelCom; the Parliament of Niger passed a bill on this nationalisation on the same day. Those two firms, privatised in 2001, were owned by the Chinese-Libyan consortium Dataport, which acquired 51 per cent of the shares.
The reasons for the nationalisation put forward by the government were a lack of investments, a drop of the turnover and absence of dividends paid. The authorities explained that the nationalisation would enable investments to be carried out in the next five years before a second nationalisation of the companies may occur.
This measure is included in the GTA database because the sale of these telecommunications firms is mandatory and the sales price is likely to the detriment of foreign commercial interest.
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