Neotel to spend ZAR 1 bln on infrastructure in 2011

Thursday 26 August 2010 | 14:02 CET | News
South African fixed line operator Neotel will spend close to ZAR 1 billion on its infrastructure roll out in the financial year to end March 2011, CEO Ajay Pandey told the Times SA Guardian. Pandey noted that the expenditure was part of the ZAR 7.5 billion in funding the company had raised by December 2008 for its infrastructure roll out plans. The CEO also said the company was on track in terms of its growth expectations. The business is currently conducting a feasibility pilot for FTTH. There are however no firm plans to offer FTTH yet. Regarding the national long distance fibre network,

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Categories: Internet
Companies: MTN / NeoTel / Vodacom
Countries: South Africa
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