Vodacom Enters Exclusive Discussions to Buy Tata’s Neotel
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Vodacom Group Ltd., South Africa’s largest wireless operator, said it started exclusive talks to buy Internet provider Neotel, a unit of Tata Communications Ltd.
“Vodacom intends to put significant investment into the combined entity to provide high-speed fixed connectivity to many more businesses and consumers,” Chief Executive Officer Shameel Joosub said in an e-mailed statement today. “We would also aim to develop entirely new services such as fiber to the home and business.”