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Article: South Africa : Neotel Asks South Africas IDC for Expansion Funding.
- Article from:
- TendersInfo
- Article date:
- October 16, 2008
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Byline: Mamta03
Neotel Ltd., which is building South Africa's second fixed-line phone network, asked the Industrial Development Corp. for funding to expand its network.
``The IDC has received a funding request from Neotel,'' Mpho Mosweu, the head of technology investments for the Johannesburg- based state-owned finance company, said in an e-mailed response to questions today. The finance company said its considering the application, without giving further details.
Neotel, which was awarded a license in December 2005, competes with Telkom South Africa Group Ltd., Africa's largest phone company. In 2006, Neotel borrowed 600 million rand ($65 ...