Cell C rejects Telkom offer and goes forward with recapitalisation plans
South African mobile operator Cell C has declined rival Telkom’s takeover bid as the troubled company grapples with capital restructuring after defaulting on ...
Tag: 3C Telecommunications
Telkom mulls US$1bn Cell C bid to become a strong opponent to Vodacom and MTN
South African incumbent Telkom is reportedly contemplating a US$1bn bid for rival Cell C in an attempt to help the operator recapitalise after defaulting ...
Investor files injunction to stop Cell C sale as it “unfairly disregards” its interests
A substantial shareholder in South African mobile operator Cell C is reportedly trying to stop the sale of a 45% stake of ...
Net 1 financing paves way for Blue Label Telecom purchase of stake in Cell C
South African electronic payment provider Net 1 UEPS Technologies has secured loans of R1.4bn (US$101.7m) to help fund its acquisition of ...
Blue Label to spend R5.5bn on 45% stake in debt-burdened Cell C
South Africa’s Blue Label Telecoms will buy a 45% stake in local mobile operator Cell C for R5.5bn (US$400m) and help reduce its debt ...
Blue Label still on track to buy Cell C stake – CEO
Mark Levy, the joint CEO of Blue Label Telecoms, has been quoted saying that his company is still “on track” to ...
