Browsing: Oger Telecom

Blue Label Telecoms is acquiring 35% of Cell C, injecting R4bn in new capital as part of a major restructuring of the telecommunications operator that will lead to current controlling shareholder

As Telkom walked away from buying Cell C this week, the mobile operator’s parent, the Dubai-headquartered Oger Telecom, has said a sale is not the only option under consideration. Although

Telkom has abandoned a plan to acquire Cell C. The telecommunications operator told shareholders on Thursday afternoon that it had walked away from a deal to acquire South Africa’s third mobile licensee

Telkom’s possible acquisition of Cell C would result in a stronger competitor to Vodacom and MTN, according to Boyd Chislett, the MD of the soon-to-be-closed cellular service provider Altech Autopage. Telkom on Monday issued a market update

Telkom has confirmed one of the telecommunications industry’s worst-kept secrets: that it is in talks to buy Cell C. “Telkom is currently performing a due diligence on Cell C,” the company said in a statement to shareholders issued before markets opened on Monday morning

Cell C shareholder Oger Telecom has rejected a R14bn offer from Telkom to acquire its 75% controlling stake in South Africa’s third mobile telecommunications provider, Bloomberg reported on Thursday. Quoting a “person familiar

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

The CEO of South Africa’s third largest mobile network, Cell C, said on Wednesday that the company is profitable. Little is known about Cell C’s financial status owing to the company being

The South African economy may be teetering on the brink of a recession, but that isn’t keeping the country’s telecommunications operators from ramping up their capital spending. Telkom, Vodacom, MTN and Cell C, along with a host of smaller players, are all gearing up to make

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