{"id":10323,"date":"2009-11-04T21:10:00","date_gmt":"2009-11-04T19:10:00","guid":{"rendered":""},"modified":"2009-11-04T21:10:00","modified_gmt":"2009-11-04T19:10:00","slug":"neotel-denies-financial-problems","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/business\/10323-neotel-denies-financial-problems.html","title":{"rendered":"Neotel denies financial problems"},"content":{"rendered":"<p>MyBroadband recently received information that Neotel is in &lsquo;serious financial trouble&rsquo;, caused partly by unsustainable pricing models.&nbsp; Neotel is however denying any financial problems, saying that the company is in good financial health.<\/p>\n<p>&ldquo;We are not experiencing financial difficulties. Please refer to our <a href=\"http:\/\/mybroadband.co.za\/news\/Broadband\/9711.html\" target=\"_blank\">half-year media briefing<\/a> held on September 22 [where Neotel said they are showing strong revenue growth],&rdquo; the company said.<\/p>\n<p>At the time Neotel announced that it has surpassed the R2.5-billion mark in terms of consolidated annualized revenue for the operating year.&nbsp; The operator added that it is confident that it is on track to surpass R3-billion in revenue this year.&nbsp; Neotel however did not elaborate on profitability, something which the latest information questions.<\/p>\n<p>Neotel said that their current pricing models are sustainable, but declined to answer any questions as to whether their NeoConnect and NeoFlex product ranges are profitable.&nbsp; &ldquo;With regard to any query related to Neotel&rsquo;s pricing model there will be no further comment,&rdquo; said Wandile Zote, Neotel&rsquo;s Executive Head of Corporate Communication.<\/p>\n<p><a href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php?t=200901\"><strong>Neotel finances discussion<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Neotel says its pricing models are sustainable, and that the company is in good financial health<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-10323","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/10323"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=10323"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/10323\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=10323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=10323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=10323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}