Neotel acquired by Econet Wireless

by | Aug 25, 2016

Econet Wireless has acquired Neotel for over R6.5bn. The buyer is partnering with Royal Bafokeng Holdings, which has committed to taking a 30% stake in Neotel, which has committed to taking a 30% stake in Neotel, according to a statement by Mumbai-based Tata Communications which acquired a controlling stake in Neotel in 2009.

Source: Loni Prinsloo and Siddharth Philip, Fin24