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: Telkom
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 ...
MTN shelves Nigerian unit IPO until regulatory issues are resolved
South Africa’s MTN has halted preparations for the listing of MTN Nigeria as it waits for legal disputes to be resolved and a better ...
Telkom gives financial assistance to Business Connexion to boost growth plans
South African incumbent Telkom intends to grant its ICT unit Business Connexion financial aid of R1bn (US$70.7m) for working capital, ...
VimpelCom appoints Mark MacGann and Jeffrey Hedberg to exec team to aid tech transformation
VimpelCom has made two new appointments to its executive committee: Mark MacGann, a well-known lobbyist, in the newly created role of ...
Cell C seeks US$600m bond to shape up balance sheet
South African debt-burned telco Cell C is looking to raise US$600m by issuing five-year senior secured notes to bolster its balance sheet, TelecomFinance ...
South Africa government soon to decide on Broadband Infraco privatisation
The South African government is reportedly deciding this week whether to privatise part of Broadband Infraco, as the long-haul and broadband ...
Tex Edwards sells 2Degrees shares ahead of IPO
Tex Edwards, the founder of New Zealand telco 2Degrees, and its investment firm KLR have transferred all their interests in the company to existing shareholder Trilogy ...
Telkom no longer interested in Broadband Infraco – report
South African fixed-line incumbent Telkom is reportedly no longer interested in state-owned fibre provider Broadband Infraco. Disagreements over the deal value were behind the ...
Telkom’s head of strategy Miriam Altman leaves
South African incumbent Telkom has said that Miriam Altman stepped down from her role as head of strategy in March. Her departure was ...
