Telkom eyes takeover of Cell C

Friday 14 August 2015 | 12:29 CET | News
South African operator Telkom's CEO Sipho Maseko has expressed interest in buying mobile operator Cell C, calling it an "interesting proposition", Reuters reported. Cell C's largest shareholder, Oger Telecom, said in March that it was looking to sell its 75 percent stake in the local operator. The group's chairman said the decision to sell the stake in Cell C was triggered by the Independent Communications Authority of South Africa's revised termination rates. Bloomberg reported in February that Cell C was working with Goldman Sachs to explore its options in South Africa, including a

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