Tata takes control

Majority shareholding in second network operator Neotel has fallen into the lap of Tata Communications. Neotel has confirmed Tata Communications, currently a shareholder in the network operator, has bought the 30percent stake previously held by Eskom and Transnet. This has resulted in Tata Communications becoming a controlling shareholder in Neotel. - Zweli Mokgata

Majority shareholding in second network operator Neotel has fallen into the lap of Tata Communications. Neotel has confirmed Tata Communications, currently a shareholder in the network operator, has bought the 30percent stake previously held by Eskom and Transnet. This has resulted in Tata Communications becoming a controlling shareholder in Neotel. - Zweli Mokgata

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