TATA Communications to sell fixed line assets to Vodacom

Q.  TATA Communications has agreed to sell majority of its subsidiary Neotel’s fixed line assets to which company?
- Published on 09 Dec 15

a. BT
b. Vodafone
c. Vodacom
d. None of the above

ANSWER: Vodacom
 
Tata Communications said it will sell majority of its subsidiary Neotel's fixed line assets to Vodacom South Africa but will retain control of licences including spectrum. The deal was agreed to in May 2014. In dollar terms, the value of transaction at that time was around USD 676 million which has come down to USD 479 million due to depreciation in value of South African rand.

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