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Telkom in talks about possible takeover of Cell C - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Telkom in talks about possible takeover of Cell C Telkom SA said on Friday it was in talks about a potential takeover of Cell C, the country’s third-biggest mobile carrier, hitting shares in Cell C majority shareholder Blue Label Telecoms.

, the country’s third-biggest mobile carrier, hitting shares in Cell C majority shareholder Blue Label Telecoms.

Telkom said this week that it was in discussions about a potential acquisition without disclosing its target. “The potential acquisition will be subject to Cell C completing a financial restructuring to ensure that its gearing levels are reduced to a sustainable level as specified by Telkom,” it said.

 

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