Liquid Telecom, a privately owned, pan-African telecoms group, majority owned by Econet Wireless Global, has entered into an agreement to acquire South African communications network operator Neotel, a subsidiary of the Tata Communications in South Africa. The shareholders of Neotel -Tata Communications of India and minority shareholders led by Nexus Connexion - have agreed for Liquid Telecom to acquire Neotel for ZAR 6.55 billion. Liquid Telecom is partnering with Royal Bafokeng Holdings (RBH), a South African empowerment investment group, which has committed to take a 30% equity stake in Neotel.
The transaction is subject to obtaining all affirmative approvals and other corporate approvals that may be required by the shareholders of Neotel and other regulatory approvals, is transformative and will create the largest pan-African broadband network and B2B telecoms provider. Through a single access point, businesses across Africa will be able to access Liquid Africa’s 24,000km of cross-border, metro and access fibre networks. These currently span 12 countries from South Africa to Kenya, with further expansion planned. The transaction is subject to approval by South African regulatory authorities and is expected to be completed later this financial year.
Tata Communications is engaged in providing telecommunications, broadcasting, and information supply services. The company operates through voice solutions and data managed services segments.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1611.25 |
| Vodafone Idea | 7.87 |
| Indus Towers | 343.60 |
| Tata Communications | 1851.05 |
| Bharti Hexacom Ltd. | 1422.50 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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