Neotels

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  Tata Communications Soars On Sale Of South African Subsidiary

  Analysts say the deal will help Tata Communications to deleverage its balance sheet and reduce its interest burden.

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  Looking to Exit Neotel Business: Tata Communications

  Tata Communications is still exploring options to exit from its South African telecom arm Neotel even as its deal with Vodacom for selling the company has fallen through.

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  Tata Communications' Deal to Sell Neotel to Vodacom Lapses

  Tata Communications today said the transaction for selling majority stake in subsidiary Neotel to Vodacom, South Africa has lapsed due to regulatory complexities and non-fulfillment of certain conditions.

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  Tata Communications Deal to Sell Neotel to Vodacom Lapses

  The company on December 10 last year had said that Neotel and Vodafone's South Africa subsidiary.

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  Tata Communications to Sell Neotel Stake to Vodafone South Africa Arm

  Tata Communications today said it has submitted documents for the restructured transaction for selling majority stake in its subsidiary Neotel's fixed line assets to Vodafone's South Africa subsidiary, Vodacom.

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  Tata Communications Concludes Deal to Sell Neotel Fixed Line Assets

  Tata Communications on Tuesday said it will sell a majority of its subsidiary Neotel's fixed line assets to Vodacom South Africa but will retain control of licences including spectrum.

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  Tata Communications Concludes Deal to Sell Neotel Fixed Line Assets

  The deal was originally signed in May last year wherein Vodafone's South African subsidiary Vodacom had reached an agreement to buy Neotel.

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  Neotel, Vodafone Renegotiating Acquisition Deal

  Tata Communications owns over 68 percent stake in South Africa's largest fixed line telephone service provider Neotel.

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  Neotel, Vodafone Renegotiating $498 Million Acquisition Deal

  Tata Communications on Monday said that shareholders of its majority-owned South African telecom firm Neotel and Vodafone South Africa are in discussion over a revised transaction structure of the deal.

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  Tata-Led Neotel Acquisition by Vodacom Given Approval

  South Africa's antitrust authority also set some stringent conditions for the deal, including a two-year deferment period.

• Tata-led Neotel Signs Broadband Deal in South Africa

  The project is a first-of-its-kind in South Africa and has strict guidelines to deliver sites and service levels in a true public-private partnership, by leveraging the skills, resources and expertise of each party for the provision of broadband services across the Province, the company said.

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  Vodacom to Buy Tata Communications' Neotel for Roughly $676 Million

  Vodacom said the deal will help the company to "accelerate broadband connectivity" in South Africa, which has been lagging behind emerging market-peers.

• Vodacom to Buy Tata Communication's Neotel for Around $676 million

  Neotel, South Africa's second-biggest fixed-line phone operator, is 68.5 per cent owned by Tata Comm. It competes with former state-owned service provider Telkom.

• Tatas' South African unit Neotel turns profitable for the first time

  Neotel, the South African unit of Tata Communications, reported on Wednesday a pre-tax profit for the first time in its seven-year history after growing revenue by 21 per cent.

• Tata Communications posts net profit of Rs 80.36 crore in September quarter

  Tata Communications on Tuesday reported a net profit of Rs 80.36 crore for the quarter ended September 30, 2013, on the back of growth in managed services and voice offerings. The company had reported a net loss of Rs 274.24 crore in the corresponding period last fiscal year, it said in a statement.