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Wireless

Telkom thinking of bid for majority stake in Cell C - report

Friday 7 December 2018 | 09:16 CET | News
Telkom South Africa is thinking of making an offer to buy a majority stake in Cell C in a move that would combine South Africa's third and fourth largest mobile-phone companies, Bloomberg reported citing sources familiar with the matter. Telkom is seeking management control of Cell C, said the people, who asked not to be named as the plans are private. Telkom has not made a final decision on the deal, which could still fall through. Telkom and Cell C declined to comment.

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