Yahoo may rethink use of cash from Alibaba deal
SAN FRANCISCO, Aug 9 Yahoo Inc may re-evaluate plans for the cash it gets from a multibillion-dollar sale of half of its 40 percent stake in Chinese Internet company Alibaba Group.
JOHANNESBURG Oct 10 South Africa's MTN has appointed a new regulatory affairs chief, a spokesman said on Monday, after a large fine in Nigeria dragged Africa's biggest mobile operator by users to its first-ever half-yearly loss.
The firm, which had been fined $1 billion by Nigeria for missing a deadline to disconnect inactive SIM cards, was last month also accused by lawmakers of illegally transferring $14 billion out of Africa's most populous nation. MTN has denied the accusation.
MTN said it had appointed Felleng Sekha, a South African, as its new executive for regulatory affairs and public policy effective from October 10.
Sekha has extensive regulatory experience and previously worked at MTN in various roles, including for five years in Nigeria as executive director for corporate services, well before the complaints that led to the fine.
"Felleng will... shape public policy and regulatory outcomes which are key to MTN achieving its business objectives," said MTN spokesman Chris Maroleng. (Reporting by TJ Strydom; Editing by James Macharia)
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