Neotel Purchase Could be Good for Broadband Access

South African communications network operator Neotel could be bought for R6.55-billion

Subject to regulatory approvals‚ South African communications network operator Neotel could be bought for R6.55-billion.

A statement says, “Liquid Telecom is partnering with Royal Bafokeng Holdings (RBH)‚ a South African investment group‚ which has committed to take a 30 percent equity stake in Neotel.”

Through a single access point‚ businesses across Africa will be able to access 40 000 kilometres of cross-border‚ metro and access fibre networks and these currently span 12 countries from South Africa to Kenya‚ with further expansion planned.”

To read the article titled, “Neotel purchase could create ‘largest pan-African broadband network’,” click here

Source: 
Sowetan Live

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