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NEOTEL STAKE SALE
Tata Communications Q3 net profit at Rs 10 croreTotal income from continuing operations came in at Rs 4,188.65 crore during the December quarter, whcih is 5.8 per cent lower than Rs 4,450...- 'Tata Communications says unit that operates 30,000 ATMs is non-core'The ATM business reported revenue of about Rs 550 crore for the year ended March 2016 and an operating profit of Rs 84 crore.
- Tata Communications to invest $300 million to expand network, platform in FY18that half of the overall capex would be channelised towards "augmenting network capacity" both the domestic and international leg.
- Sale of Tata-led Neotel will boost telecom across Africa: LTNeotel was granted a licence a decade ago amid hopes of fixed line costs coming down as it competed with state provider Telkom.
- Neotel deal to help Tata Communications reduce debt, improve profitabilityThe transaction is valued at an enterprise value (EV) of around $430 million (about Rs 2,900 crore). Earlier in the fiscal, the company als...
- Tata Comm to sell Neotel to Liquid Telecom, RBH for Rs 2,903 croreLiquid Telecom is partnering with Royal Bafokeng Holdings (RBH), a South African investment group, which is to take a 30 per cent equity st...
- Tata Communications shares zoom almost 10% on stake sale in NeotelShares of Tata Communications surged almost 10% after Vodafone's South African subsidiary Vodacom reached an agreement to buy Neotel, contr...
- Tata Communications sell Neotel stake to Vodacom for $680mn cashTata Communications confirmed the broad agreement, saying that Vodacom SA has agreed to buy 100 per cent in Neotel for ZAR 7 billion.
- Tata Communications plan to sell Neotel to Vodafone-owned Vodacom may come to a noughtTata Communications’ talks to sell Neotel to Vodacom are being held up as the local authority mulls whether or not to allow the transfer of...
- Tata Communications may sell Neotel to Vodacom, stock gains 4%The crux of the transaction lies in regulatory clearances in South Africa as there are challenges with Unions and ownership for people of b...
- Positive on Bharti and Idea among telecom stocks: Manish SonthaliaIn a chat with ET Now, Manish Sonthalia, Sr Vice President & Head–Equity Portfolio Management Services, shares his views on telecom sector.
- Tata Communications to ride higher on cost cuts, Neotel stake saleTata Communications has become profitable in the past two quarters after making losses for four consecutive years.
- Tata Communications rallies on talks to sell stake in NeotelTata Communications owns 67.32 per cent in Neotel and the rest is held by CommuniTel and Nexus Connection.
- Tata Communications plans $250-million capex over next two years'The company expects the issue regarding the sale of excess land reserves held by the erstwhile VSNL to be resolved in the next 12 months.'
- RCOM eyes Kuwait telco's African opsKuwaiti telecom firm Zain is said to be reviewing a possible sale of its African operations, Celtel, valued at $10 billion.
- RCom eyes Kuwait telco’s African operationsThe Kuwait Investment Authority (KIA), which is a majority shareholder in Zain with 24.61% share, is in talks with the Anil Ambani-promoted...
- Neotel buys Transtel for Rs 120 crWith a majority stake in Neotel, Tatas vie for top slot in South Africa.
- Bharti, Tatas, RCOM in race for 51% in Telkom KenyaThe Indian companies will have to compete with other global majors such as British Telecom and Dubai-based Vtel Holding who are also learnt...
- Transtel Telecoms laps up Neotel for $33 millionSouth African operator Neotel, in which the Tatas have 51% stake, has acquired Transtel Telecoms for around $33 million.
- Neotel acquires TransnetThe acquisition has been accepted in principle accepted by Transnet
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