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Neotel revamp in bid to wrest market share

Dec 22 2010 16:18 Reuters

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VODACOM GROUP LIMITED [JSE:VOD]

Last traded 0
Change 0,54
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Cumulative volume 484921
Market cap 193.79bn

Last Updated: 19-09-2014 at 04:25. Prices are delayed by 15 minutes. Source: McGregor BFA

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 0
Change -0,04
% Change 0
Cumulative volume 966272
Market cap 28.88bn

Last Updated: 19-09-2014 at 04:26. Prices are delayed by 15 minutes. Source: McGregor BFA

MTN GROUP LIMITED [JSE:MTN]

Last traded 0
Change 2,37
% Change 0
Cumulative volume 2557717
Market cap 473.79bn

Last Updated: 19-09-2014 at 04:26. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Neotel, a unit of India's Tata Communications, said it is considering restructuring as it faces tough competition in South Africa.

Launched in 2006 after long delays, the company began offering telephone and internet services to corporate customers in March 2007, and has yet to turn a profit.

Neotel said in a statement it would consider "realignment and restructuring options". No one was immediately available to comment at Neotel.

It was not clear whether the restructuring would entail job cuts or closing down parts of the business.

Unlisted Neotel, South Africa's No.2 fixed-line operator, said it was trying to ensure it was sufficiently geared to meet the challenges of the market.

It competes for corporate clients with Telkom [JSE:TKG] , Internet Solutions - a unit of Dimension Data Holdings [JSE:DDT] , MTN Group [JSE:MTN] and Vodacom Group [JSE:VOD] business unit.

Neotel is rolling out wireless and fibre-optic networks to snatch fixed-line revenues from Telkom, which recently launched its own mobile unit.

mtn group  |  dimension data holdings  |  vodacom  |  neotel
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