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.
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.
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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