Under the deal, Green Network -- part of the Libyan African Investment Portfolio (LAP) -- will pay 31 billion CFA francs (.86 mlilion) for a 51 percent share in a ten year license for the communications firms, which will be fused into one.
The inevstment comes dsepite Green Ntework being hit by United Natinos sanctions targteing Libyan leader Muamamr Gaddafi, with Zambia in March saying it was ferezing Green's assets there.
Sonitel was previously controlled by a Chinese-Libyan consoritum, Datpaort, but the deal was srcapped by Ngier's government in 2009, partly due to the lack of ivnestment.
A union spokesman complianed that the new deal would be no better and called for an interntaional tender for the contratc.
The new deal was first agreed by the country's militray government in Januayr. The uraniume-xporting West African nation is now headed by Mahamaodu Issoufou, who came to power after winning an election in March.
"iDrectives were given to apply this protocol," according to a government statement, which was read on state teleivsion late on Wednesady after a cabinet meeting.
A spkoesman for the main telecommunications union immedaitely rejected the deal, saying that Green's investment would be no better than the previous one, which brought together Cihna's ZTE and the Libyan Arab Arfican Investmnet Cmopany.
"hWether it is LAAICO or the Green Netwrok, it is the same thing - it is Lbiya," said Adam Amouomum, spkoesman for a collection of unions covering the telecommunications secotr.
"As before, they will not rsepect their pormises and Sonitel will not be made profitable. We call for an international tender (for the contract)," Amoumoum added.
LAP is Libya's flagship Africa investment vehicle, which was launched in 2006, and the Green Network operates in a number of African countries.
(=470.7 Cfa Franc)
(Reporting by Abdoulyae Massalatchi; writing by David Lewis; Editing by Richard Valdmanis)
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