Browsing: Mohammed Hariri

Kuben Pillay is the new chairman of Cell C, while Larry Nestadt will serve as his deputy, the mobile operator said on Monday. The appointments follow the recapitalisation of Cell C and the purchase by

Cell C has hit back at its black economic empowerment partner CellSAf, which at the weekend threatened to take the mobile operator to court if it proceeds with a planned restructuring in terms of which

The board of Cell C has rejected overtures from rival Telkom to acquire the mobile operator and said it is “unable and not willing to pursue any discussion” with South Africa’s fixed-line incumbent. The move appears to pave the

South Africa’s third largest mobile network, Cell C, said on Wednesday that its board has accepted an offer from Blue Label Telecoms to acquire 35% of the company for R4bn. The boards of Cell C and its

A decision by Telkom on Monday to issue a “cautionary announcement” to shareholders is most likely related to discussions to buy mobile operator Cell C, analysts said on Monday. “Shareholders are advised that Telkom is in discussions

Cell C parent Oger Telecom has received offers to buy its controlling 75% stake in the South African mobile telecommunications operator from six groups, it was reported on Wednesday. Business Day quoted Oger Telecom chief legal officer and

Cell C has begun a restructuring drive that could lead to the retrenchment of 47 employees, the mobile operator confirmed on Thursday. This followed a statement issued by trade union Solidarity

Reuters on Friday added to growing speculation that a sale of Cell C may be on the cards. Repeating earlier reports that Goldman Sachs has been appointed to advise parent Oger Telecom on a possible sale, the news wire quoted Oger chairman Mohammed

Alan Knott-Craig has stepped down as CEO of Cell C following the stroke he suffered in November last year. Jose Dos Santos, who had been running the company in an acting capacity in Knott-Craig’s absence, will take the reins at the company on a permanent basis with immediate effect. Knott-Craig is not lost to Cell C, however. In a

Simon Duffy has stepped down as nonexecutive chairman of Cell C after six years in the role. He is succeeded by Oger Telecom chairman Mohammed Hariri. Oger owns a controlling 75% stake in Cell C. Hariri is also vice-chair of Oger Telecom parent Saudi Oger, where he has