Johannesburg - South African mobile operator Vodacom Group said on Monday it had entered exclusive talks to acquire fixed-line operator Neotel from India's Tata Communications.
Acquiring Neotel, which is majority owned by Tata, would be a major boost to Vodacom's ambitions to grow its data business in Africa's largest economy.
Vodacom is a unit of Britain's Vodafone Group Plc.
Vodacom said it was looking to acquire 100 percent of Neotel and any shareholder loan claims.
It did not give a potential value for the deal.
Vodacom shares were down 1.6 percent at 15:59 SA time, compared with a 1 percent decline by the Johannesburg's benchmark Top-40 index. - Reuters