Browsing: Tata Communications

Neotel chief corporate services officer Tracy Cohen has resigned. News of her resignation comes on the same day that Vodacom announced that it was in talks with Neotel and its shareholders – led by India’s Tata Communications – about a “revised transaction

A competitor with a sharp edge. That appears to be the conclusion if the R7bn tie-up between Vodacom and Neotel goes ahead. While this will be good for investors in Vodacom, it might also be positive for the man

In a significant development, MTN has lodged objections at both communications regulator Icasa and the Competition Commission against Vodacom’s proposed R7bn acquisition of Neotel, putting a potentially big hurdle in the way of the conclusion of the deal. TechCentral has established that

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

Telkom’s plan to “de-risk” its loss-making mobile business could lead to a transaction with rival MTN. The two operators are in sensitive discussions about a possible deal, two separate and well-placed sources have told TechCentral. It’s not clear what form a deal

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

So, Vodacom is in exclusive talks to buy Neotel. There’s no surprise there – that Neotel is for sale is one of the telecommunications industry’s worst-kept secrets. But if the deal goes ahead, which is far from certain, it could spark further, arguably much-needed consolidation in the sector

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

Will Vodacom’s proposed acquisition of Neotel pass regulatory muster? That’s the question on everyone’s lips now that the mobile operator has confirmed that it is in exclusive talks with a view to buying its smaller rival, which is majority controlled by India’s Tata Communications