Mobile operator Vodacom Group said it had entered exclusive talks to acquire fixed-line operator Neotel from India’s Tata Communications.
Acquiring Neotel, which is majority-owned by Tata, would be a major boost to Vodacom’s ambitions to grow its data business in Africa’s largest economy. Vodacom is a unit of Britain’s Vodafone Group Plc.
Vodacom said today it was looking to acquire 100% of Neotel and any shareholder loan claims.
It did not give a potential value for the deal.
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