|
| Exchange Disseminated Time 23/11/2015 13:15:58 | Tata Communications Ltd has informed BSE that:
"Tata Communications had earlier informed you about the agreement arrived at between the shareholders of Neotel (Tata Communications’ subsidiary in South Africa) and Vodacom SA for the latter to acquire 100 per cent of the shares of Neotel valued at an enterprise value of ZAR 7.0 billion. Neotel’s shareholders are now in discussions with Vodacom South Africa regarding a revised transaction structure. The outcome of these discussions will directly impact the extent of the approval being sought from the Competition Tribunal and the scope of the hearing. Accordingly, Neotel and Vodacom South Africa have requested that the hearing be postponed. The details applicable to the postponement are to be determined at a Competition Tribunal hearing in Johannesburg today." |
|
|