Tata Communications to sell Neotel to Liquid Telecom and Royal Bafokeng Holdings for ZAR6.55 billion

Tata Communications has entered into an agreement with Liquid Telecom and Royal Bafokeng Holdings for the sale of its South Africa-based subsidiary Neotel for ZAR 6.55 billion. The transaction is subject to approval by South African regulatory authorities and is expected to be completed by end-2016.

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