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Tata Communications announces proposed Neotel-Vodacom SA deal

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Capital Market

Vodacom to acquire Neotel for enterprise value of ZAR 7 billion

Tata Communications announced that the shareholders of Neotel and Vodacom SA have favourably concluded an agreement on the commercial structure and terms to proceed for Vodacom to acquire 100 per cent of the shares of Neotel valued at an enterprise value of ZAR 7.0 billion.

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First Published: May 19 2014 | 11:12 AM IST

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