JOHANNESBURG, April 2 Vodacom said on
Wednesday it was still in talks to acquire Neotel, a South
African subsidiary of India's Tata Communications,
refuting local Indian press reports the negotiations could fall
India's Economic Times had reported the deal worth a
potential $590 million could disintegrate because the South
African regulator was contemplating whether or not to allow the
transfer of Neotel's spectrum to Vodacom.
The South African unit of Britain's Vodafone has
been eyeing Neotel for its data capacity.
"We're busy finalising the agreements and in the final
stages of that part of negotiation," Vodacom spokesman Richard
Boorman said. "That article in the Indian Economic Times is just
Neotel has access to more than 15,000 km (9,300 miles) of
fibre-optic cable, with over half of that in major urban areas.
Vodacom shares were up 1.4 percent at 131.15 rand at 1430
(Reporting by Helen Nyambura-Mwaura; Editing by Elaine