Vodacom backtracks on Neotel licences

Telecommunications group Vodacom has abandoned its bid for Neotel’s spectrum and Electronic Communications Network Services licences, besides others, choosing rather to focus on the converged network operator’s fixed-line assets. The Competition Tribunal would now undertake a December 10 prehearing to consider the newly restructured deal that would see Vodacom acquire the majority of Neotel’s fixed-line business assets.