SA GOVT APPOINTS TOP OFFICIAL TO OVERSEE SNO BIDDING PROCESS

Telecoms

The SA Communications Department has appointed a top official to oversee the second bidding process to find a suitable investor for a 51 percent equity stake in the Second National Operator (SNO) in the country’s telecommunications sector.The decision on the successful applicant will be taken in three months by Communications Minister Ivy Matsepe-Casaburri. Goldleaf has dropped its threatened legal action and will take part in the bidding process. Welcoming the Minister’s decision, Goldleaf CEO Peter Archer says the new process is probably the only pragmatic way forward given the slowdown in the global telecommunications industry.

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