Neotel grabs half of big firms

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kiepie

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Johannesburg - Neotel, the number two fixed-line operator, has signed up almost half of the country's top 350 corporate clients in contracts worth about R1.5bn, its chief 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 state-controlled fixed-line operator Telkom.
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"We now have a presence (with) about 170 to 180 of the top 350 customers in South Africa," Ajay Pandey, Neotel's managing director, told a news briefing on Friday. "The contracts were worth more than R1.5bn."

Dobek Pater, a telecoms analyst at Africa Analysis, said figures proved Neotel was a credible player.

"It has taken quite a long time for Neotel to gain a comprehensive presence in the market," he said. "It has been doing fairly well since launching its corporate services."
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When asked whether Neotel was in talks with MTN about rolling out its fibre-optic network, Pandey said: "We are open to all partnerships."

In May, Neotel launched its first consumer product - NeoConnect Prime - and said it aimed to sign up about 60 000 customers in the next nine months.
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Well, I'm really glad for Neotel, as we've seen from their stats, how difficult it is to get into the market.

60000 customers? :eek: Wasn't it like 500 the other day? Wonder where they currently stand?

Link
 
kiepie said:
Definitely, hopefully things will speed up now. :)
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Hope so too.

Hopefully management from Tata can put some more pressure on the local team.
Pre-paid option is a definite!
This 2 year contract jobby is unnerving...
 
kiepie said:
Well, I'm really glad for Neotel, as we've seen from their stats, how difficult it is to get into the market.

60000 customers? :eek: Wasn't it like 500 the other day? Wonder where they currently stand?

Link
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They say they want to sign up 60 000 customers in the next 9 months. Don't think they have them yet :).

But I'm very glad for Neotel. Getting Corporate customers means that it should in the long run give the residential customers some benefits of good pricing and products.

Go Neotel!!
 
Yay!!!!!!!! Competition for the Win!!!! :D

(and to all those who say we just whine and bitch the whole time... please take note... we are celebrating!!! :p)
 
Ok, so Neotel are acquiring martketshare at Telkom's expense. I wonder does Reuben September and the Telkom board even care? They still get their millions in bonuses... meanwhile Neotel (majority foreign owned?) might become another Telkom if Telkom goes down the tubes and then start to take all profits out of the country as they get their deserved return on investment...
 
ryan411 said:
Ok, so Neotel are acquiring martketshare at Telkom's expense. I wonder does Reuben September and the Telkom board even care? They still get their millions in bonuses... meanwhile Neotel (majority foreign owned?) might become another Telkom if Telkom goes down the tubes and then start to take all profits out of the country as they get their deserved return on investment...
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I hope you're wrong :o

Return on investment is for sure - but I don't think they're in a hurry to get it.
This darn phased approach that Neotel have been taking - only goes to show that - or the converse may apply - that they're plain dof.
But either way - Tata must be happy with the results thus far.
Tata Group is a huge concern internationally and I don't think that they're looking at Neotel as their make or break pet, that has to rake in cash for them.

A quick glance at their homepage, shows that they've got their paws various sectors across the globe.

Neotel is a long term deal for them.

Also if Telscum does fall apart, hopefully the consortiums that buy them out are of sound mind - Who knows?
MTN deal fell through, talk about Tokyo Sexwale's group possibly interested.
The SexWale's group has been doing well (not that I really know anything about it) but to my understanding it is.

All we really need is a sound business approach (ala Seacom) - cheap rates, high volume, huge returns - oh and world class support please!
 
well, their success on the corporate front probably explains their disdain for guys like me, to the extent they decided that a high-speed dial-up is all i deserve. their 60 000 target is achievable - there's enough guys with 1 machine who would use the usb connection and dont want a land line - but it wont include me if they dont discover the ethernet cable :(
 
Neotel means nothing to me as it will still be ages beforethey reach the rural (country ) areas, but still good luck to them because they are a threat to telkom
 
Keithk said:
Neotel means nothing to me as it will still be ages beforethey reach the rural (country ) areas, but still good luck to them because they are a threat to telkom
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Yep, but I keep on reading the thread title as "Neotel grabs half of big Farms" Aaarrrrggghhhh ;) :D :p
 
Every cent that doesn't go into Telkom's overflowing coffers makes me happier :)
 
I emailed Neotel re their adsl got no reply yet that was 4 weeks ago - go figure my business is probably too small for them!!
 
Shake&Bake said:
ryan411 said:
Ok, so Neotel are acquiring martketshare at Telkom's expense. I wonder does Reuben September and the Telkom board even care? They still get their millions in bonuses... meanwhile Neotel (majority foreign owned?) might become another Telkom if Telkom goes down the tubes and then start to take all profits out of the country as they get their deserved return on investment...
Click to expand...
I hope you're wrong :o

Return on investment is for sure - but I don't think they're in a hurry to get it.
This darn phased approach that Neotel have been taking - only goes to show that - or the converse may apply - that they're plain dof.
But either way - Tata must be happy with the results thus far.
Tata Group is a huge concern internationally and I don't think that they're looking at Neotel as their make or break pet, that has to rake in cash for them.

A quick glance at their homepage, shows that they've got their paws various sectors across the globe.

Neotel is a long term deal for them.

Also if Telscum does fall apart, hopefully the consortiums that buy them out are of sound mind - Who knows?
MTN deal fell through, talk about Tokyo Sexwale's group possibly interested.
The SexWale's group has been doing well (not that I really know anything about it) but to my understanding it is.

All we really need is a sound business approach (ala Seacom) - cheap rates, high volume, huge returns - oh and world class support please!
Click to expand...
IMO any entity that does buy Telkodemonopolies, is by definition not of sound mind - Telkodemonopolies isn't even a successful monopoly - a money hungry one yes, but not one that takes full advantage of its wired fixed line monopoly status to provide quality world class services [at whatever price], and this is also reflected in the year-on-year reducing number of landlines that Telkodemonopolies has on its financial reports - not exactly a shining example of a successful monopoly that is able to retain customers and generate profits in exchange for quality services.

@ryan411, luckily Neotel will not take the place of Telkodemonopolies as SA's de facto fixed line monopoly - take fibre optic links as an example - Vodacom and MTN are also laying fibre optic and will be competing head on with both Telkodemonopolies and Neotel.

I just wish that companies other than Telkodemonopolies provided an ADSL service [read ADSL2+] or that they start by doing what both Internet Solutions and Verizon Business have been doing with IPConnect - maybe with their own fibre links into Telkodemonopolies' ATM backbone. At the very least Neotel and Vodacom should already be reselling ADSL ISP accounts to gain some market share whilst waiting for LLU or whatever, AFAIK MTNNS already resells ADSL ISP accounts [for well over a year IIRC].
 
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