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.
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