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TATA in Pact to Buy Majority Stake in South Africa’s Neotel
With the Reliance Communications – MTN deal struggling to take shape, Tata Comm. (formerly VSNL) is all set to get a majority stake in another South African telecom service provider Neotel.
Neotel (Pty) Ltd., previously SNO Telecommunications, is the much anticipated second national operator (SNO) for fixed line telecommunication services in South Africa.
Tata Communications has [...]