Neotel to list on the JSE?

23 Jan 2009

The second national operator (SNO), Neotel, could be listed on the Johannesburg stock exchange reports Reuters citing The Times. Neotel is currently controlled by India’s Tata group. When asked if there were plans to list the SNO, Neotel chief executive Ajay Pandey replied, ‘At some stage, yes…We have to be cognisant of what is happening globally, but I think it will be fair to say we would be going in that direction.’ However, given the current economic downtown, it is unlikely there will be an offering in the immediate future.

South Africa, Liquid Intelligent Technologies South Africa