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Neotel: R5bn loan to boost network rollout ADSL South Africa (Broadband South Africa), 26 October 2008 Neotel is in the final phase of raising R5bn to further boost its network rollout. This comes after the SNO (Second National Operator) has already spent R2bn on its network rollout.
Neotel is taking its network expansion seriously… A lack of coverage is probably the most important reason why consumers are currently not flooding in their thousands to make use of Neotel’s services. ADSL South Africa (Broadband South Africa) knows of more than one person who has given this as the very reason why they are not subscribed to Neotel’s services yet. It is therefore encouraging to see that Neotel is taking its network expansion seriously. |
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