Vodacom in talks to acquire Neotel

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.

The post Vodacom in talks to acquire Neotel appeared first on City Press.

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