Fin24

Tata raises Neotel stake

2011-06-13 15:55

New Delhi - Indian telecoms firm Tata Communications said on Monday it has increased its effective holding in South Africa’s second-biggest fixed-line phone operator Neotel to 61.5% from 49%.

Neotel became a subsidiary of Tata Communications after the stake increase, the Indian firm said in a statement to the stock exchanges.

Launched in 2006, Neotel has yet to turn a profit.

Comments
  • nixcroft - 2011-06-13 16:23

    neotel is yet to turn a good service....

  • rudi - 2011-06-14 10:54

    Why has Neotel not rolled out any fixed line phones then? It is a fraud

  • rudi - 2011-06-14 10:58

    Why has Neotel not rolled out any fixed line phones then? I have asked them and they said no fixed lines are available. It is a total fraud, they used the licence to get into the mobile business, that is all ...

  • pages:
  • 1