Browsing: Vinod Kumar

Fast-growing and privately held pan-African telecommunications group Liquid Telecom majority owned by Econet Global has agreed to acquire a controlling stake in Neotel for R6,55bn. The deal comes just months after Vodacom was forced

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

India’s Tata Communications has acquired Two Telecoms Consortium’s 12,5% stake in Neotel taking its stake in the local operator to 61.5%. Tata Communications is part of the US$67bn Tata group. Neotel wants to expand its customer base by

Far from giving up on the retail consumer market, Neotel wants to expand its customer base by 50% in its current financial year and will spend money on new wireless base stations to deepen and extend its coverage

Neotel’s been getting a lot of bad press lately. Financial losses are mounting and retrenchments are looming. But it’s too soon to write the company off. If it acts tactically now, it could still be a force to be reckoned with in SA telecommunications

Neotel parent, India’s Tata Communications, has a new CEO. The company has announced that Vinod Kumar will replace Srinath Narasimhan on 1 February.