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Telkom undertakes due diligence on Cell C

Telkom undertakes due diligence on Cell C

Photo by Duane Daws

9th November 2015

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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Following a September cautionary announcement, telecommunications group Telkom on Monday confirmed it is in talks to buy South Africa’s third-largest telecommunications operator Cell C.

Telkom said it was currently performing due diligence on Cell C and continuing discussions over a potential transaction.

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

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Edited by Creamer Media Reporter

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