I have no clue as to why the Indians are obessed about snapping up deals with South Africans. Although, it’s commendable when Indian companies snap up struggling European majors; the same that Tata did for Corus and Tetley Tea. Although, I still insist that it makes the worst cars on the road in the planet and I shudder to think about the imminent launch of Nano bringing about a nightmare on roads.
Minus all the hoopla, Tata announced that they had acquired a 30% stake in a South African firm called as Neotel. Big deal? It aims to consolidate it’s corporate offerings for video conferencing or data managed services, yada yada. I must admit that it suffers a total erosion of brand image among the retail customers as it has among the worst form of Internet access ever known to mankind.
A lesson for Ambanis? It pays nothing to get into shadow fighting for whatever amount of money you have. All in all you make a suckers of yourself and the fair name of your family.
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