India’s Tata Communications is planning to acquire an additional 2.5% interest in Neotel, South Africa’s second national operator (SNO), the Hindu Business Line reports. The stake, which is valued at USD18 million, is currently held by Tata offshoot Tata Africa Holdings. Previously, on 14 June 2011 Tata purchased a 12.5% stake in Neotel previously held by Two Telecoms Consortium (2TC), raising its holding in Tata to 61.5% and meaning that Neotel was henceforth a subsidiary of Tata Communications.
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OVETEL Tata eyes new Neotel stake rise
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