Tata Not Keen

Let me guess Telkom is going to buy the percentage Neotel doesnt want then again they can influence the whole market.
 
Pandey won’t say what sort of discount he has negotiated with Telkom but concedes he hopes Neotel will get a better deal once an agreement governing the undersea cable comes to an end in April 2007. Until then, SA companies are required to lease capacity on the cable from Telkom.
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Apparently Neotel indirectly own a bigger share in SAT-3 than Telkom so he probably will get a better deal.
from ITWEB
Last year VSNL, Neotel's principle foreign investor, completed the acquisition of Teleglobe International, resulting in it owning 33% of the SAT-3 cable, a shareholding that is slightly higher than Telkom's.

Pandey says once Telkom's exclusivity ends over the SAT-3 landing rights towards the end of April next year, Neotel will negotiate to have at least equal access to the cable.

A Neotel official separately said that once the new telecommunications utility has access to the SAT-3 cable, it would be able to slash the price of voice calls dramatically.

“VSNL would be able to do this because it buys about 20 billion voice minutes a year on the international markets and so our pricing ability is far greater than Telkom's,” he said.
http://www.itweb.co.za/sections/telecoms/2006/0609061036.asp?A=AFN&S=All Africa News&O=FPIN
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Hopefully bandwidth costs would follow the same trend post April'07.
 
can't say that i blame for not wanting a stake in a gov owned company...cause most of them is run like crap.
 
maybe they figure enough with this nonsense and just buy + lay their own cable asap
 
hMMM

Neotel MD Ajay Pandey says government promised Tata it would have access to Eskom’s network. It did not give an undertaking to sell this network to the company, he says.
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They must know something we don't.
 
Onepostwonder said:
They must know something we don't.
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Im sure we dont even know 10% of the actual happenings...which is the way its meant to work in business.Consumers cant know everything abt whats going on, It just wouldnt work...
I dont care, as long as they run the business like a long term business, not always try and make a quick buck (line rental) and make the country's telecoms comparable with international norms..

Thats asking a bit much but theres always hope, which is all we in sa have had for a while now... :rolleyes:
 
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