Tata Communications Limited - TATACOMM has entered into an agreement with Liquid Telecom, owned by Econet Wireless Global, to sell its stake in the African subsidiary Neotel at a consideration of ~ZAR 6.55 billion(~| 2900 crore). Liquid Telecom is partnering with Royal Bafokeng Holdings (RBH), a South African empowerment investment group, which has committed to take a 30% equity stake in Neotel. The deal value at ~ZAR 6.55 billion, though lower than the previous deal consideration.ICICI Securities Limited maintain BUY recommendation on Tata Communications with a target price of | 543, which implies FY18 EV/EBITDA of 6.6x.Trendlyne has 11 reports on TATACOMM updated in the last year from 2 brokers with an average target of Rs 534. Brokers have a rating for TATACOMM with 3 price upgrades and 2 price downgrades in past 6 months.