Vodacom in talks to acquire Neotel

2013-09-30 16:57

Mobile operator Vodacom Group said it had entered exclusive talks to acquire fixed-line operator Neotel from India's Tata Communications.

Acquiring Neotel, which is majority-owned by Tata, would be a major boost to Vodacom's ambitions to grow its data business in Africa's largest economy. Vodacom is a unit of Britain's Vodafone Group Plc.

Vodacom said today it was looking to acquire 100% of Neotel and any shareholder loan claims.

It did not give a potential value for the deal.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.