Tata Communications Said Near Sale of Neotel in South AfricaBy and
Econet Wireless said poised to buy Tata’s 68.5% stake in ISP
Price would value Neotel at $389 million to $454 million
Tata Communications Ltd. of India is close to an agreement to sell a majority stake in South African Internet-service provider Neotel Pty Ltd. to closely held telecommunications company Econet Wireless Global, according to people familiar with the matter.
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