Browsing: Buffet Consortium
Communications regulator Icasa on Wednesday moved to caution those involved in various efforts to rescue mobile operator Cell C that any deal must meet “regulatory compliance requirements”.
As speculation swirls that Telkom has a made a third approach to Cell C about a potential acquisition, the financially distressed mobile operator on Tuesday said it is making progress on a planned recapitalisation.
Blue Label Telecoms, which bought a 45% stake in Cell C in 2017 for R5.5-billion, has said in its annual report that it is “extremely disappointed” in the performance of the mobile operator.
A report on Tuesday suggested China Mobile may be about to swoop to the rescue of embattled mobile operator Cell C. Telkom is also rumoured to be circling.