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Fixed

Sonatel union opposes stake sale to France Telecom

Monday 13 April 2009 | 10:26 CET | News
Senegalese incumbent operator Sonatel's union has called on the state to back down from its plan to sell a 9.7 percent stake in the company to France Telecom, writes Agence de Presse Senegalaise. Demba Diarra Mbodj, general secretary of the executives union called on all of the country's patriotic institutions to join it to save the national heritage. If the EUR 209 million transaction is completed, France Telecom will take control of Sonatel with a 52.2 percent stake, while the Senegalese government's stake will fall to 17.28 percent. Personnel held a sit-in, followed by a press conference on 10 April to make their feelings known. The union threatened to continue calling for industrial action if the sale was not overturned.

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Categories: Fixed / Mobile & Wireless
Companies: France Telecom / Sonatel
Countries: Senegal
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