PRETORIA, Nov 4 (Reuters) - South Africa's government said on Tuesday it would issue a licence for a second network telecoms operator and would identify investors for a 51 percent remaining stake within eight weeks.
In August, the Independent Communications Authority of South Africa (ICASA) told the government it should ditch both bids for the 51 percent stake in the second network operator (SNO), saying neither came up to scratch.
Utilities Transtel and Eskom [ESCJ.UL] have already been given 30 percent of the SNO with black empowerment firm Nexus holding the remaining 19 percent.
((Reporting by Jodie Ginsberg, Reuters Messaging: [email protected], tel: +27 11 775 3159, fax: +27 11 775 3132, email: [email protected]))
In August, the Independent Communications Authority of South Africa (ICASA) told the government it should ditch both bids for the 51 percent stake in the second network operator (SNO), saying neither came up to scratch.
Utilities Transtel and Eskom [ESCJ.UL] have already been given 30 percent of the SNO with black empowerment firm Nexus holding the remaining 19 percent.
((Reporting by Jodie Ginsberg, Reuters Messaging: [email protected], tel: +27 11 775 3159, fax: +27 11 775 3132, email: [email protected]))