JULY 2014

Transactions

TATA COMMUNICATIONS, VODACOM NEOTEL TRANSACTION

The shareholders of Neotel and Vodacom SA have announced that they have favourably concluded an agreement on the commercial structure and terms to proceed for Vodacom to acquire 100 per cent of the shares of Neotel valued at an enterprise value of ZAR 7.0 billion. This follows the announcement late last year that the parties were entering into exclusive talks for a due diligence.

The structure of the deal and its commercial terms remain subject to regulatory and competition authority approvals and the parties will be immediately commencing the necessary processes in that regard.

Legal advisor to Tata Communications:

Vinod Kumar, MD and CEO, Tata Communications says, “Tata Communications is pleased with the outcome of this deal. It is in line with our financial objectives while paving the way for Neotel to improve its value proposition in the South African market.”

Sunil Joshi, MD & CEO of Neotel says, “We are encouraged at the progress made to date and will focus now on ensuring compliance with the regulatory approvals processes and the engagement with the competition authorities. Neotel continues to grow in the South African market and with this, when approved, will enable a greater choice of products and services for our customers and increased competition, while Neotel continues to deliver improved services and grows its customer base.”

Kennedy Memani, Nexus Connexion says, "This transaction will impact the landscape of the Telecommunications industry in South Africa. We believe it will enhance the customer experience and benefit the South African public." LM

This announcement appears as a matter of record only

Telecom Digital Holdings Ltd HKSE Listing

As required under the GEM Listing Rules and the Companies Ordinance, copies of the prospectus are available, for information purpose only, at the offices of (1) Guotai Junan Securities (Hong Kong) Limited at 27th Floor, Low Block, Grand Millennium Plaza, 181 Queen’s Road Central, Hong Kong; and (2) Ever-Long Securities Company Limited at 18th Floor, Dah Sing Life Building, 99–105 Des Voeux Road Central, Hong Kong, during 4:30 p.m. to 5:00 p.m. on Monday, 26 May 2014 and during 9:00 a.m. to 5:00 p.m. from Tuesday, 27 May 2014 to Friday, 30 May 2014 (both dates inclusive) Pursuant to the Underwriting Agreement, the Company is offering 100,000,000 Placing Shares for subscription by way of Placing at the Placing Price on and subject to the terms and conditions as set out in the Underwriting Agreement and the Prospectus.

Rato, Ling, Vong, Lei & Cortés acted as Macau legal adviser to the Company relating to its listing on the GEM of The Stock Exchange of Hong Kong Limited, conducting a due diligence exercise on the Group’s Macau subsidiary, issuing a Macau legal opinion and generally advising on matters in relation to Macau law pertaining to the listing, as well as assisting in the reorganization of the Group prior to the listing. Partner-in- charge, Pedro Cortés and Lead Lawyer, Filipa Almeida Santos led the transaction.

“The project was very fast-paced and all stages needed to be completed extremely fast to meet HKEx requirements. Our experience in IPOs and corporate matters, as well as dealings with local authorities, was essential for the timely and successful completion of reorganization and the Macau aspects of the listing.

“Lockelord Team (the Company’s Hong Kong legal adviser) was a pleasure to deal with and handled the complexity of the transaction very efficiently.” LM

Hong Kong advisor:

Telecom Digital Holdings Ltd HKSE Listing

Advisor to Telecom Digital Holdings Ltd:

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TATA COMMUNICATIONS, VODACOM, NEOTEL TRANSACTION

Cayman Islands advisor: Macau Advisor:

This announcement appears as a matter of record only www.lawyer-monthly.com

TATA COMMUNICATIONS

Telecom Digital Holdings Ltd