Neotel director and shareholder Kennedy Memani will provide “interim executive oversight as the director in charge” following the decision last week to place CEO Sunil Joshi and chief financial officer Steven Whiley on “special leave” pending an investigation into
Browsing: Sunil Joshi
Neotel CEO Sunil Joshi and chief financial officer Steven Whiley have been placed on “special leave” pending an investigation into alleged bribery and corruption at the telecommunications operator
Former Samsung South Africa mobile communications head Craige Fleischer has been named as chief sales and marketing officer at Neotel. He joined the telecommunications operator last week. Fleischer, who took
Seven-year-old Neotel, which is currently the subject of a takeover bid by Vodacom, is showing strong customer growth in the business, small enterprise and retail market segments. Its revenue for the financial year ended 31 March 2014 was R3,9bn, up by 23% from a year ago, with the business and the small enterprise and retail market
Tata Communications’ plan to sell its stake in its South African subsidiary Neotel to Vodacom is being held up as communications regulator Icasa mulls whether or not to allow the transfer of radio frequency spectrum to the mobile operator. That’s according a report in The Economic Times on Monday. The Indian newspaper, quoting
Vodacom intends tabling an offer of US$460m (about R5bn) to buy Neotel, according to a report published in the Wall Street Journal on Wednesday. The newspaper, quoting an unnamed executive at India’s Tata Communications, Neotel’s holding company, said that Vodacom, which is a subsidiary of the UK’s Vodafone, will also take on Neotel’s
MTN has a “number of options on the table” if the sale of spectrum is included in Vodacom’s looming deal to buy Neotel. “If the transferability of spectrum is something that becomes kosher in a market context, we’d be in a position to capitalise on that change,” MTN
An announcement regarding the mooted acquisition by Vodacom of Neotel could be made within the next couple of weeks, with due diligence nearing completion. That’s the word from Neotel CEO Sunil Joshi, who was speaking to TechCentral in
It could take six months to conclude exclusive discussions between Vodacom and Neotel, Neotel CEO Sunil Joshi said on Wednesday. In September, Vodacom announced that it had entered into exclusive negotiations to acquire Neotel, ending months of speculation that the two sides were
It’s an old joke from the days when the so-called second national operator (SNO) was announced, oh, somewhere in the mists of time around 2003. This fixed-line competitor to Telkom was supposed to provide competition in landlines. The SNO gag appeared in countless headlines