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TELECOMMUNICATIONS group Neotel plans to add 50000 clients by the end of its 2013 financial year as its existing products and services helped it double the customer base to 100000, it said yesterday. It also expects its "disruptive and innovative" products ...
May 23, 2012 at 07:38 | Source: Business Day South Africa
Neotel Ltd., the South African unit of India’s Tata Communications Ltd. (TCOM), plans to add 50,000 customers by the end of its 2013 fiscal year and will spend 500 million rand ($60 million) expanding its infrastructure this year, Business Day ...
May 23, 2012 at 04:17 | Source: Bloomberg
In an interview to CNBC-TV18 post announcement of results, Vinod Kumar, MD & CEO, Tata Communications explains that increased stake in the company’s South African subsidiary, Neotel, and an actuated loss of Rs 100 crore in the Canadian pension ...
May 22, 2012 at 13:30 | Source: MoneyControl.com
During the fourth quarter ended March 2012, the company's consolidated net loss widened 67 percent year-on-year to Rs 261 crore on the back of higher losses incurred by its South African unit Neotel. The consolidated results for the quarter and ...
May 22, 2012 at 16:21 | Source: in.com
Losses at its subsidiary Neotel NEO.UL, South Africa's second-biggest fixed-line phone operator, have also been a drag on the company. Tata Communications has said it expects capital expenditure to drop to about $300 million a year from an ...
May 22, 2012 at 10:23 | Source: Reuters India
The startup business, primarily Neotel, showed revenues of Rs17,381 million ($363 million) in FY2011-12 from Rs6,115 million ($134 million) in FY2010-11. The business has delivered a positive EBITDA on a stand-alone basis for the first time. Q4 FY2011-12 ...
May 23, 2012 at 07:30 | Source: The FINANCIAL
South African unit Neotel’s Ebitda (earnings before interest tax depreciation and amortization) turning positive marked a “huge turnaround”, he said. Neotel reported revenue of Rs1,738.1 crore in FY12, up from Rs611.5 crore in FY11. Tata Comm ...
May 22, 2012 at 16:57 | Source: Livemint.com
Last year Tata Communications' revenue from global voice services rose 16% and data services revenue was up 18%. Neotel also turned profitable at the EBITDA level in FY12. However, the company's bottom line continues to be hit by higher expenses ...
May 22, 2012 at 12:54 | Source: MoneyControl.com
The Startup Business, primarily Neotel, showed revenues of Rs. 17,381 million (USD 363 million) in FY2012 from Rs. 6,115 million (USD 134 million) in FY2011. The Business has delivered a positive EBITDA on a standalone basis for the first time. Commenting ...
May 23, 2012 at 04:46 | Source: telecomtiger.com
14,340.85 crore, compared with Rs.12,185.21 crore last year, reflecting an 18 percent growth. Results for the year included loss of Rs.737.47 crore, compared with Rs.551.02 crore of Neotel Pty. Ltd., a company incorporated in South Africa.
May 22, 2012 at 06:13 | Source: RTT News