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Telkom, Oger end Cell C buyout talks

Telkom, Oger end Cell C buyout talks

Photo by Bloomberg

19th November 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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Telkom and Oger Telecom have mutually agreed to terminate talks regarding the buyout of South Africa’s third-largest telecommunications operator Cell C.

Earlier this month, Telkom said it was performing due diligence on Cell C and was looking at a potential transaction.

Cell C’s parent Oger Telecom earlier said it was mulling the possible sale of its 75% stake in Cell C.

Telkom did not provide reasons for ending talks with Oger.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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