|
| Exchange Disseminated Time 16/12/2016 08:12:58 | Tata Communications Ltd has informed BSE that the Company vide letter dated June 28, 2016 had informed to Stock Exchange that Liquid Telecom, a pan-African telecoms group, majority owned by Econet Wireless Global, had entered into an agreement to acquire South African communications network operator Neotel, which is a subsidiary of the Company.
Thereafter, vide letter dated November 08, 2016, the Company informed to Stock Exchange inter-alia that the Board of Directors of Tata Communications Limited, at its meeting held on November 08, 2016 recommended to the shareholders of Neotel, the sale of the entire shareholding in Neotel, subject to approval of the Independent Communications Authority
of South Africa (ICASA).
Neotel has now informed that they have received unconditional approval from ICASA for acquisition of Neotel by Liquid Telecom which is another step towards closing of the transaction. |
|
|