Second national operator of South Africa is intending to raise USD1 billion of funds, mainly through debt, to finance its network expansion. Tata Communications of India owns 56% of Neotel which is in talks with various financial institutions that includes original investors Nedbank Capital, Investec Bank and the Development Bank of South Africa.
Wireless Federation » Neotel to raise USD1 bln of funds for network expansion (South Africa)
Neotel to raise USD1 bln of funds for network expansion (South Africa)
- October 14th, 2008
- 5:26 am
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