Mystery shrouds R41m fee to Gupta-owned firm which benefitted from Neotel-Transnet deal

2019-06-11 16:17

The commission of inquiry into state capture has sought to understand why Gupta-linked company Homix was paid R41m by Neotel, after the technology company won a contract with Transnet.

Gupta-linked Homix earned over R36m from Neotel-Transnet deal

2019-05-27 20:11

Gupta-linked advisory firm Homix earned R36m for virtually no work done in facilitating a deal between Neotel and Transnet, the state capture inquiry has heard.

SA mulls partial sale of Broadband Infraco - sources

2016-08-23 17:39

The government will soon decide it is should part-privatise cash strapped Broadband Infraco, according to two people familiar with the matter.

Fed-up customers irate at Neotel internet downtime

2016-08-05 09:45

Technical gremlins have hit Neotel’s network as the company suffered issues with its data services.

Neotel expects swift regulatory approval of R6.5bn sale

2016-06-28 11:10

Local telecommunications company Neotel expects regulators to approve the sale of its business to Econet-owned Liquid Telecom before the end of March 2017.

Neotel keeps mum on fresh merger reports

2016-05-10 13:41

Local fixed-line telecommunications company Neotel is keeping tight-lipped amid reports that it could be up for sale again.

Roaming proposed to seal Vodacom-Neotel deal

2015-12-11 12:29

Almost 20 months after Vodacom launched a bid to buy Neotel for R7bn, the deal is set to head back to the Competition Commission with a mooted roaming agreement.

Neotel CEO Sunil Joshi quits

2015-12-07 16:11

The chief executive officer of fixed-line telecommunications company Neotel has resigned after an investigation cleared him of bribery.

Vodacom-Neotel merger hearing ‘postponed indefinitely’

2015-11-23 14:26

The Competition Tribunal has agreed to indefinitely postpone a hearing regarding a R7bn merger between Vodacom and Neotel.

MTN says Vodacom-Neotel deal would harm competition

2015-10-28 16:23

MTN said it opposes Vodacom’s acquisition of Neotel as the deal would give Vodacom dominance in South Africa’s high-speed Internet market.


Inquiry hears of sudden 'flurry of activity' in dormant Gupta-linked bank account

2019-06-10 12:09

The judicial commission inquiry into state capture has heard of a sudden 'flurry of activity' in a Standard Bank account held by Gupta-linked company Homix in 2014, in what ought to have raised reg flags.

EXCLUSIVE: Gupta 'negotiator' and the R4bn Transnet IT deal

2017-11-14 07:00

The value of a Transnet contract awarded to information technology (IT) company T-Systems ballooned from just under R1.7bn to nearly R3bn after known Gupta associate Salim Essa allegedly became a backchannel "negotiator" for the German multinational.

Anger grows at Neotel amid internet downtime

2016-08-08 14:39

Neotel customers continue to lambast the service provider on social networks, several days into internet connections woes.

No hiccups expected with Neotel deal, says Liquid Telecom

2016-06-29 15:20

Regulation is unlikely to hobble the R6.55bn sale of telecoms business Neotel to connectivity provider Liquid Telecom, said representatives of the latter company.

Econet snaps up Neotel for R6.5bn

2016-06-28 08:07

The buyer is partnering with Royal Bafokeng Holdings, which has committed to taking a 30% stake in Neotel.

Vodacom abandons bid to buy Neotel

2016-03-01 11:09

South Africa’s biggest mobile network Vodacom [JSE:VOD] has walked away from its bid to acquire fixed-line telecoms company Neotel for R7bn.

Vodacom drops bid to acquire Neotel’s spectrum

2015-12-08 09:50

South Africa’s biggest mobile network plans to acquire Neotel’s fixed line assets but not its spectrum amid opposition from rival companies.

Neotel CFO quits amid bribery claims

2015-11-27 13:06

The chief financial officer of fixed-line telecommunications company Neotel Steven Whiley has resigned after being placed on special leave.

Hearing into Vodacom-Neotel merger delayed

2015-11-23 08:13

The Competition Tribunal of South Africa has agreed to postpone a hearing into the proposed R7bn Vodacom-Neotel merger.

Bribery claims rock Neotel as CEO takes special leave

2015-07-31 16:53

Telecoms company Neotel has placed its chief executive officer Sunil Joshi and chief financial officer Steven Whiley on special leave amid an investigation into bribery.

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