Loading...
See More

Tata raises Neotel stake

Jun 13 2011 15:55 Reuters

Related Articles

Embattled Neotel gets new chief

Neotel revamp in bid to wrest market share

Neotel discontinues consumer contracts

Auditors question Neotel's future

Telkom puts Nigeria sale on hold

Telkom profit slumps 35%

 
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.
tata  |  neotel  |  telecommunications
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...