Neotel

MTN mulls Telkom move – report

MTN is looking into the possibility of acquiring a majority stake in fellow South African telco Telkom in a bid to challenge the country’s dominant provider Vodacom, a Bloomberg report has claimed.

South Africa’s Vodacom to acquire fixed player Neotel

The South African mobile operator subsidiary of UK-headquartered Vodafone has announced an agreement to acquire the market’s second largest fixed communications provider, Neotel, in a cash deal worth ZAR7.0bn ($673m). Negotiations between Vodacom and Neotel were announced in September last year, when Vodacom CEO Shameel Joosub pledged to pump significant investment into the merged entity should talks prove fruitful.

Vodacom eyes Neotel takeover

Operator group Vodafone’s African subsidiary Vodacom has announced that it has entered into exclusive discussions regarding a potential acquisition of South African fixed line provider Neotel.

Neotel becomes Tata Communications subsidiary

India’s Tata Communications has upped its stake in South Africa’s second national operator Neotel, making the telco a subsidiary of the company. Tata’s stake has increased from 56 per cent to 61.5 per cent. It is not clear which of Neotel’s other shareholders has sold its stake; the Neotel website lists Communitel and Black Economic Empowerment (BEE) partner Nexus Connexion as the other shareholders.

West African Cable System lands in Cape Town

A high capacity submarine cable system linking southern Africa with Europe landed at its final destination in Cape Town this morning. The West African Cable System (WACS), a 14,000km, 5.1Tbps system was brought ashore at Yzerfontein in the Western Cape and will both complement and compete with the 340Gbps Sat-3 system that went into service in the region in 2002.

South Africa fights over spectrum

Far-reaching regulatory changes look set to heat up broadband competition in South Africa. How far this will improve WiMAX prospects remains less certain, particularly as the debate about how to allocate 2.6GHz and 3.5GHz licences is proving to be divisive and prolonged. Yet South Africa’s telecom landscape is undergoing seismic change.

SA opens doors to competition

Competition in the South African fixed line market was officially opened up Thursday, when the country’s second national operator, Neotel, opened its doors. Neotel has to date been trading temporarily under the name SNO Telecommunications. Following a three year bidding process, the consortium of black empowerment group Nexus Connexion, utilities Transtel and Eskom, Indian conglomerate […]

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