On the Money News: In Brief

Mergers, Acquisitions and Financial Results

* Indian telecoms operator Bharti Airtel plans to invest around USD100 million in Niger to improve the reach and quality of its network in the West African nation by the end of 2012, Reuters reports. The Indian company expects to introduce the Airtel brand across its new units by October 2010. Bharti Airtel ensure that telecoms becomes more accessible in terms of price and the quality of the service improves.’, Zain Niger is the country’s largest cellco by subscribers, with 1.58 million users at the end of March 2010 (a market share of 61%), followed by Orange Niger with 563,000 users, Moov Niger (341,000) and SahelCom (105,000).

* Last week MTN Uganda and United Bank for Africa signed an agreement establishing the bank as the first financial institution to become an MTN Mobile Money agent.