Neotel and Vodacom will inform clients about the outcome of the planned merger between the two companies as soon as possible after the Competition Tribunal has given its ruling.
That’s the word from Kennedy Memani, director in charge at Neotel while CEO Sunil Joshi is on special leave.
Memani said it will be capital-intensive for Neotel to grow the business like it wants, pointing to the R6 billion it has already invested into infrastructure in 2015, when speaking about the merger.
Memani went on to say that the Competition Tribunal hearing over the Vodacom-Neotel merger is scheduled to happen from 23 November until around 11 December.
Once the Tribunal had ruled, Neotel will inform its clients of the outcome, he said.