Vodacom eyes Neotel takeover
Operator group Vodafone’s African subsidiary Vodacom has announced that it has entered into exclusive discussions regarding a potential acquisition of South African fixed line provider Neotel.
Telecoms.com
Sunil Joshi
Neotel becomes Tata Communications subsidiary
India’s Tata Communications has upped its stake in South Africa’s second national operator Neotel, making the telco a subsidiary of the company. Tata’s stake has increased from 56 per cent to 61.5 per cent. It is not clear which of Neotel’s other shareholders has sold its stake; the Neotel website lists Communitel and Black Economic Empowerment (BEE) partner Nexus Connexion as the other shareholders.
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