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General

Vodacom proceeds with acquisition of Neotel, drops spectrum

Tuesday 8 December 2015 | 13:18 CET | News
Vodacom South Africa announced it will proceed with the acquisition of Neotel, but has dropped the group's spectrum from the deal. In a statement, Vodacom said it reached a a revised agreement with Neotel on a modified transaction that does not include Neotel's spectrum. The new deal will see it acquire the majority of Neotel's assets related to its fixed-line business as a going concern, but excluding Neotel's spectrum licences. At the same time, Neotel will offer a roaming arrangement to all the mobile network operators, including Vodacom South Africa. The revised agreement addresses some

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Categories: General
Companies: NeoTel / Vodacom South Africa
Countries: South Africa
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