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Posts Tagged ‘neotel’

  • bharti airtel liquid telecom

    Liquid Telecom to acquire Neotel for USD $430 million

    June 28, 2016 • Mobile and Telecoms, Southern Africa, Top StoriesComments Off on Liquid Telecom to acquire Neotel for USD $430 million

    Liquid Telecom has revealed that it has entered into an agreement to acquire South African communications network operator, Neotel. The shareholders of Neotel – Tata Communications of India and minority shareholders led by Nexus Connexion (Nexus) – have...

  • Cell C Ceo

    Cell C CEO discusses Vodacom’s acquisition of Neotel licenses

    February 29, 2016 • Mobile and Telecoms, Southern Africa, Top StoriesComments Off on Cell C CEO discusses Vodacom’s acquisition of Neotel licenses

    Consumers are the big winners in the High Court’s judgment against Vodacom’s acquisition of Neotel licenses. It is hard to paint a rosy picture of telecommunications in South Africa. The environment is dominated by two players and policed by a regulator...

  • Neotel Office Building

    Spectrum off the cards for Vodacom Neotel deal

    December 8, 2015 • Mobile and Telecoms, Top StoriesComments Off on Spectrum off the cards for Vodacom Neotel deal

    In a statement to share holders, Vodacom revealed that an agreement has been made in regards to the Vodacom/Neotel merger. According to the statement, it was revealed that Vodacom will acquire the majority of Neotel’s assets related to its fixed line...

  • South Africa: Neotel CEO quits

    December 8, 2015 • Mobile and Telecoms, Top StoriesComments Off on South Africa: Neotel CEO quits

    According to a media statement, issued by Neotel, the company has revealed that its CEO Sunil Joshi has resigned from his position within the company. According to Neotel, Joshi will be: “Pursuing his own interests, and will resign from Neotel with...

  • Top Tech News of the week

    IT News Africa: Top Stories of the Week

    November 27, 2015 • East Africa, North Africa, Southern Africa, Top Stories, West AfricaComments Off on IT News Africa: Top Stories of the Week

    This week is technology has been a rather busy, yet controversial one at that. Not only has Neotel’s CFO resigned, but both Vodacom as well as Neotel have placed their upcoming merger on hold. This week, IT News Africa additionally published some rather...

  • Neotel Office Building

    South Africa: Neotel CFO Resigns

    November 27, 2015 • People, Southern Africa, Top StoriesComments Off on South Africa: Neotel CFO Resigns

    According to a statement issued by Neotel, its Chief Financial Officer – Steven Whiley – has resigned from his position. According to the company, the resignation will be effective from 30 November 2015. Whiley as well as CEO Sunil Joshi had been...

  • South Africa: Vodacom & Neotel merger placed on hold

    November 23, 2015 • Mobile and Telecoms, Top StoriesComments Off on South Africa: Vodacom & Neotel merger placed on hold

    According to a report via TelecomPaper, Vodacom has begun talks with South African operator Neotel regarding revising the structure of the proposed R7-billion takeover. The report additionally revealed that Vodacom had asked that a Competition Tribunal...

  • South Africa: Cell C raises concern over Vodacom-Neotel merger

    June 19, 2015 • Mobile and Telecoms, Southern Africa, Top StoriesComments Off on South Africa: Cell C raises concern over Vodacom-Neotel merger

    Cell C has issued a statement to IT News Africa raising concerns, according to Cell C, over the apparent approval of the Vodacom-Neotel transaction. In the statement, Cell C revealed that ICASA has not yet published its decision nor explained the reasons for...

  • Neotel Office Building

    Neotel, Vodacom CEOs comment on R7billion acquisition

    May 19, 2014 • Mobile and Telecoms, Top StoriesComments Off on Neotel, Vodacom CEOs comment on R7billion acquisition

    Last year, it was revealed that Neotel and Vodacom were entering into exclusive talks for a due diligence. Today, Neotel and Vodacom SA have announced that they have favourably concluded an agreement on the commercial structure and terms to proceed for...

  • Should telcos charge Google, Facebook?

    April 22, 2014 • Top StoriesComments Off on Should telcos charge Google, Facebook?

    The furore around mobile termination rates as Cell C, Vodacom, MTN, Neotel and Telkom duke it out in the media, may well be grabbing headlines lately but really amounts to a minor, public lovers’ spat compared with what looms. The mobile networks are headed...

  • Neotel Office Building

    Vodacom making $460-million play for Neotel

    March 27, 2014 • Mobile and Telecoms, Top StoriesComments Off on Vodacom making $460-million play for Neotel

    South African mobile operator Vodacom is said to be readying an offer of $460-million for rival operator Neotel. Vodacom is partly owned by Vodafone, while Neotel’s majority stakeholder is India’s Tata Communications. According to a report in the Wall...

  • Neotel Office Building

    Neotel invests in BRICS network

    January 22, 2014 • Mobile and TelecomsComments Off on Neotel invests in BRICS network

    With trade between South Africa and BRICS countries growing at a rapid pace, Neotel has made a significant investment in reducing network latency between the 5 emerging economic giants. Network latency determines the amount of time it takes for a packet of...

  • Neotel Office Building

    SA’s Neotel turns profit for first time

    October 30, 2013 • Mobile and Telecoms, Top StoriesComments Off on SA’s Neotel turns profit for first time

    South African mobile operator Neotel has announced that the business grew 21% year-on-year and turned PBT (profitable before tax) positive for the first time since its inception seven years ago. The company achieved a positive PBT ahead of its plans. The...

  • Vodacom’s bid for Neotel said to be worth R5-billion

    September 30, 2013 • Mobile and Telecoms, Top StoriesComments Off on Vodacom’s bid for Neotel said to be worth R5-billion

    South African mobile operator Vodacom has confirmed that the company is officially in talks to acquire 100% of telecommunications provider Neotel. There has been market speculation as to a possible deal, but neither party has officially confirmed that they...

  • Convergence keeping Neotel on the move

    September 17, 2013 • Mobile and Telecoms, Southern AfricaComments Off on Convergence keeping Neotel on the move

    Things seem to be going very well at South African converged communications network operator Neotel and the company’s executive leadership gives little credence to ongoing speculation surrounding the sale of the company. Its latest financial results –...

  • ICT, broadband essential for SA’s pressurised consumers

    September 3, 2013 • Mobile and Telecoms, Southern AfricaComments Off on ICT, broadband essential for SA’s pressurised consumers

      On day two of SATNAC 2013, hosted by Telkom in South Africa’s Western Cape Province, Dr. Miriam Altman, Head of Strategy at Telkom SA SOC Ltd. has outlined why broadband, included in the National Development Plan 2030 aspirations, could be the...