TeleGeography Logo

Neotel sale rumours resurface; MTN, Vodacom wait in the wings

1 Jul 2013

According to Business Day, South African telecoms giants MTN and Vodacom, are rumoured to be in talks with second national operator (SNO) Neotel over a possible buy-out. Citing ‘well-placed market sources’, the publication reported that formal bids to buy the SNO are due in this week. A third interested party, Dimension Data, has also been linked with a takeover approach.

According to TeleGeography’s GlobalComms Database, Neotel’s current shareholders are Tata Communications (68.5%), Nexus Connection (19.0%) and Communitel (12.5%).

GlobalComms Database

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

TeleGeography

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