NEW DELHI: Tata CommunicationsBSE -2.47 % today said it will sell majority of its subsidiary Neotel’s fixed line assets to Vodacom South Africa but will retain control of licences including spectrum. The deal was originally signed in May last year wherein Vodafone’s South African subsidiary Vodacom had reached an agreement to buy Neotel, controlled by Tata Communications, for 7 billion rand (about Rs 3,200 crore). In dollar terms, the value of transaction at that time was aro .. Read more at: http://economictimes.indiatimes.com/articleshow/50092837.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesTata Comm concludes deal to sell Neotel fixed line to Vodacom
Industry: Other 2015-12-09
