Neotel says sales will double this year

South Africa’s second national wireline operator, Neotel, says it expects revenues to double in 2008 to ZAR2 billion (USD257 million). The firm reported sales of ZAR1 billion in its financial year to the end of March 2008, with around half the total coming from its 300 corporate clients and the remainder from its Transtel subsidiary. Neotel was awarded its fixed line concession in December 2005; its investors include India’s Tata Group.