TeleGeography Logo

Neotel secures funding

10 Dec 2008

South Africa’s second national operator Neotel has secured ZAR8 billion (USD790 million) in project funding, comprising equity and debt. According to a report from Reuters, the debt facility was provided by a consortium of banks and financial institutions in South Africa. Neotel, which is backed by India’s Tata group, has said it plans to spend ZAR11 billion over the next five years deploying fixed and wireless networks.

South Africa, Liquid Intelligent Technologies South Africa

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.