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Neotel shows massive loss, but not unexpected

Posted on Jun 10 in News-Publicby Press OfficerPrint

Neotel shows a loss of around R1.5-billion according to results from shareholder Tata Communications, but analysts say it is not surprising

Tata Communications, which has a 49.1% shareholding in Neotel, recently announced its year-end quarter financial results for the fiscal year 2009-10. The company reported a net loss of Rs 598 crore (R983-million) for the year that ended in 31st March, 2010.

Source: mybroadband.co.za
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