Vodacom and Neotel have finally confirmed what the market has known for some time: that they are in discussions regarding a potential acquisition by the mobile operator of Tata Communications-controlled operator. The two parties say the talks revolve around Vodacom
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iBurst parent Wireless Business Solutions (WBS) may be close to signing a deal with either Vodacom or MTN to build a national 4G broadband network based on long-term evolution technology, TechCentral has learnt. Mtshali says WBS has had extensive discussions with
Although Tata Communications has twice rubbished talk that it has any intention of selling its controlling stake in Neotel, the market was again awash with speculation at the weekend that some sort of deal may be on the cards. The Sunday Times newspaper quoted
Neotel will launch a fourth-generation (4G) telecommunications network using long-term evolution (LTE) technology in Gauteng in the third quarter of the year, the company said at a press conference on Wednesday. However, the network will be limited in scope, with only 50 base stations at launch, CEO Sunil Joshi
India’s Tata Communications has rubbished talk that it plans to sell its South African subsidiary, telecommunications operator Neotel. Company spokesman Rozzyn Boy on Friday said Tata had no intention of selling the company. “We don’t have any plans to sell Neotel, no
Network operator Neotel has increased its revenue by 25% and grown its customer base by more than 100% in the past year. It now has more than 100 000 retail customers. It’s also grown its business customer base by more than 50%. But the company isn’t divulging rand numbers for revenue or earnings
Neotel has doubled the number of retail subscribers on its network in the past 11 months, growing this customer segment from 50 000 to 100 000, according to CEO Sunil Joshi. However, the company, licensed in the mid-2000s as the first competitor to incumbent Telkom, is still struggling to make much on an impact in the consumer market, with less
India’s Tata Communications, which owns a controlling interest in local telecommunications operator Neotel, says SA is crucial to the company’s strategy of expanding into Southern Africa and into the continent more broadly. To do this, Tata Communications CEO Vinod Kumar says the company needs to deepen existing partnerships in the region and forge new ones. He won’t be drawn into acquisition
Neotel reported a total comprehensive loss of R1,8bn in the financial year to end March 2011, the latest annual report from parent Tata Communications has revealed. In 2010, the company turned in a loss of R1,15bn. However, the company’s directors have expressed confidence
Neotel has won a contract to run the primary network operating centre, or NOC, for the West Africa Cable System (Wacs), the new, high-capacity submarine system running between Cape Town and London. Wacs is due to be ready for commercial service early next