(Reuters) - South Africa's newly-launched second fixed-line operator Neotel has agreed to buy state-owned Transnet's commercial telecom business for 230 million rand, the company said on Wednesday.
Neotel, which is trying to take on former monopoly Telkom, said in a statement Transnet had accepted the offer for Transtel Telecoms and the deal is expected to be concluded within 12-16 weeks.
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