Tata Communications gets control of South Africa's Neotel.

By bne IntelliNews June 14, 2011
Indian telecoms firm Tata Communications said it has increased its effective holding in Neotel to 61.5% through its direct subsidiary SNOSPV. Consequently, Neotel has become a subsidiary of TCL, the buyer said in a statement. Tata Communications acquired a 30% stake in Neotel from state-owned companies Eskom and Transnet in June 2008. Neotel is South Africa's first converged telecommunications network operator, offering voice, data and Internet over a single connection.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss