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Cell C creditors hire lawyers to push for Telkom takeover - report

Tuesday 3 December 2019 | 09:30 CET | News
South African operator Cell C's creditors have hired lawyers to push for the takeover by fixed line operator, Telkom after the mobile operator rejected on 29 November, reports Bloomberg citing unnamed sources. Senior debt holders have hired investment banking firm Moelis & Co and corporate lawyers Linklaters and DLA Piper to lobby for the Telkom proposal, people familiar with the matter said. They could block Cell C from pursuing an alternative recapitalisation plan by forcing the carrier into liquidation or business rescue, said the sources.

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Categories: Mobile & Wireless
Companies: Cell C / Telkom
Countries: South Africa
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