The telecoms firm says discussions are at a preliminary stage. A statement released on Friday has confirmed Telkom’s active pursuit to purchase embattled Cell C.
Tech Central reported that Telkom is in the preliminary stage of discussions with Cell C to potentially acquire the mobile operator.
The statement also explained that purchasing Cell C would only occur after a financial restructuring, to ensure that it is at a “sustainable level” in order to negotiate terms “acceptable” to Telkom.
Cell C currently has debt to the tune of over R8 billion.
It concluded by advising shareholders to “exercise caution” regarding Cell C’s securities until more announcements are made.
eNCA reports that Cell C and Telkom would result in a combined database of approximately 22 million subscribers.
In other news – Londie London – Keeping quiet is important sometimes
Keeping quiet is important sometimes, says Londie London. They say, sometimes being silent is better than telling others how you feel. Knowing that you are being heard but not understood could be more painful than expressing your feelings. Therefore, they suggest keeping your mouth shut is the way to go.
We are not so sure about what Londie went through that made her realize that closing her mouth is important, but we agree with her and she did a good thing. Taking to her Instagram platform she shared, ‘Kubalulekile ukuz’thulela sometimes yaz 💆🏾♀️‘. Which simply means ‘keeping quiet is sometimes important. continue reading
Source: The Citizen