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.
NIAMEY, Sept 29 Niger will merge its public telephone and mobile communications companies into a single entity in order to expand its market share in the West African nation, the telecommunications minister said.
Niger currently has two state-owned companies - Sonitel, which operates landlines, and Sahelcom, a mobile operator.
They will be brought into a single company called Niger Telecom, with capital of 23.4 billion CFA francs ($40.04 million), Yahouza Sadissou said in a statement late on Wednesday following a cabinet meeting.
He said the goal of the merger was to pool technical and financial resources and make the public operator's services more attractive to clients.
Niger has 7 million mobile subscribers and four mobile operators, including Sahelcom, Bharti Airtel of India's local unit, France's Orange, and Moov.
Sahelcom had around 347,000 subscribers in 2015. ($1 = 584.3700 CFA francs) (Reporting by Boureima Balima; Writing by Joe Bavier; Editing by Alexandra Hudson)
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