Neotel continues growth
NEOTEL, South Africa’s second fixed-line operator, has signed up almost half of the country’s top 350 corporate clients in contracts worth about R1.5-billion, Ajay Pandey, Neotel’s managing director, said on Friday.
Neotel, controlled by India’s Tata group, was launched in 2006. It started selling corporate services last year and retail services in May, aiming to muscle into a market dominated for years by Telkom.
Neotel competes for corporate clients with Telkom, Internet Solutions — a unit of Dimension Data — and Verizon SA, which is being bought by MTN.
Neotel is rolling out wireless and fibre-optic networks to snatch fixed-line revenues from Telkom. Pandey said Neotel had so far invested more than R2-billion in capital expenditure to roll out its network. The group would spend R11-billion over the next 10 years.
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