Econet, Seacom eye Neotel takeover - report

Wednesday 11 May 2016 | 11:22 CET | News
Zimbabwe's Econet and subsea cable operator Seacom are considering buying South African operator Neotel. South African site MyBroadband quoted unnamed "industry sources" as saying that Seacom and Econet, which owns the fast-growing African operator Liquid Telecom, are both in talks with Neotel parent Tata Communications on a potential deal. The news comes after Vodacom was forced to walk away from its ZAR 7 billion plan to buy Neotel following regulatory objections. 

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Categories: General
Companies: Econet / Liquid Telecom / NeoTel / Seacom / Tata Communications / Vodacom
Countries: Africa
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