April 20, 2014 10:58 PM ET

Diversified Telecommunication Services

Company Overview of Neotel (Pty) Ltd.

Company Overview

Neotel (Pty) Ltd. is a converged communications network operating company in South Africa. It provides wire line and wireless data telecom, voice and data, Internet, virtual private networks, IP transit, call completion and carrier-grade voice, voice interconnect, trunk based voice, wireless phone, wireless access circuits, audio conferencing, multi protocol label switching, and network management and hosting services. The company also provides point-to-point international private leased circuits and point-to-point national connectivity services; point-to-point and/or point-to-multipoint solutions; Managelink, a tool, which allows telephone accounts to be managed; contact centers that provid...

44 Old Pretoria Main Road

Midrand

Johannesburg,  

South Africa

Founded in 2004

Phone:

27 11 585 0000

Fax:

27 80 033 3636

Key Executives for Neotel (Pty) Ltd.

Chief Executive Officer and Managing Director
Age: 49
Chief Financial Officer
Chief Corporate Services Officer
Chief of Business Solutions and Excellence
Chief Network Officer
Compensation as of Fiscal Year 2013.

Neotel (Pty) Ltd. Key Developments

Vodacom Confirms Talks To Acquire Neotel Still On

On April 2, 2014, Vodacom Group Limited (JSE:VOD) stated that it was still in discussions to acquire Neotel (Pty) Ltd from Tata Communications Limited (BSE:500483). It denied a report in the Economic Times that the deal valued about $590 million could disintegrate as the South African regulator was contemplating whether or not to allow the transfer of Neotel's spectrum to Vodacom. Vodacom’s spokesman Richard Boorman said: "We're busy finalizing the agreements and in the final stages of that part of negotiation. That article in the Indian Economic Times is just plain wrong."

Tata Communications Reportedly In Talks With Vodacom

Tata Communications Limited (BSE:500483) is reportedly in talks to sell Neotel (Pty) Ltd. to Vodacom Group Limited (JSE:VOD), three people familiar with development said. The Independent Communications Authority of South Africa is considering stripping Neotel's spectrum if the company is sold to Vodacom, said one of three people.

MTN Confirms Neotel Sale; Says No Longer In Talks

MTN Group Limited (JSE:MTN) confirmed that it was in talks to acquire Neotel (Pty) Ltd. MTN’s Chief Executive Officer, Sifiso Dabengwa confirmed rumors Neotel may be up for sale. He added that MTN had gone through the process with respect to Neotel, and is not part of the talks now.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 30, 2013
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