December 06, 2018
Telkom of South Africa Mulls Making Another Bid for Cell C
(Bloomberg) – Telkom SA SOC Ltd. is considering making an offer to buy a majority stake in Cell C Pty Ltd. that would lead to a combination of South Africa’s third- and fourth-largest mobile-phone companies, according to people familiar with the matter
The former landline monopoly is seeking management control of the Johannesburg-based carrier, said the people, who asked not to be named as the plans are private. Pretoria-based Telkom hasn’t made a final decision and the deal could yet fall through, they said
Telkom and Cell C declined to comment
Telkom of South Africa Mulls Making Another Bid for Cell C
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