TELECOMS
Pan-African telecommunications group Liquid Telecom and South African empowerment investment group Royal Bafokeng Holdings (RBH) will acquire South African communications network operator Neotel for R6.55-billion. Liquid Telecom has entered into an agreement with Neotel’s parent company Tata Communications and other minority shareholders to buy Neotel and has partnered with RBH, which has committed to taking a 30% equity stake in Neotel.
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