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Neotel’s Acquisition Offer of Transtel, Accepted by Transnet

The SNO and the Department of Public Enterprises (DPE) today signed a “Heads of Agreement (HOA)” providing for the SNO to have access to an inter-city high capacity full services network (FSN). This network was originally created by State Owned Enterprises, Eskom and Transnet, who are also shareholders in the SNO. This arrangement comes close on the heels of the purchase by the SNO of high capacity metro fibre optic network assets from Transnet.

Mr. Ajay Pandey, Managing Director of the SNO commented, “The two network/asset transactions will go a long way in allowing the SNO to deploy a high capacity national telecommunications network based on leading-edge convergent technologies”.

The SNO is on track to switch on international wholesale services at the end of August and enterprise services by the end of this year.