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Vodafone Unit Scraps Neotel Deal After Two-Year Regulatory Fight

  • Vodacom calls off purchase of Internet provider from Tata
  • Deal originally valued at $446 million first agreed in 2014
Updated on

Vodacom Group Ltd., the South African unit of Vodafone Group Plc, abandoned a 7 billion rand ($446 million) proposal to buy Internet provider Neotel Pty Ltd. after almost two years of regulatory battles and legal opposition to the deal by competitors.

“There were numerous complexities, including those of a regulatory nature, and we simply couldn’t find a solution to these to progress,” Vodacom spokesman Byron Kennedy said by phone on Tuesday. “Vodacom will continue to explore other options for gaining access to additional spectrum.”