Cell C mum on Telkom mobile assets

2013-11-28 13:37

Acquiring the mobile assets of Telkom could “make sense” for rival operator Cell C, its acting head said, although he declined to say whether it would make a formal bid.

Fixed-line operator Telkom said this month it was in talks with some parties over the future of its struggling mobile business, which lags well behind market leader Vodacom and rivals MTN and Cell C.

Analysts have said unlisted Cell C would be a likely bidder given its need to add scale.

“Anyone standing on the outside looks in and says ‘It could potentially make sense,” Jose Dos Santos, Cell C’s acting chief executive, told Reuters today when asked about Telkom’s assets.

“That’s for the shareholders to comment. They’re looking at it very closely and they’ll decide on the way forward.”

Dos Santos has temporarily taken over from chief executive Alan Knott-Craig, who suffered a minor stroke last week.

Dos Santos said he expected a full recovery by Knott-Craig in the “not-too-distant future”.

“The capacity that Alan is going to come back in, that’s up to Alan and the shareholders,” he said.

Cell C is 75% owned by Dubai-based Oger Telecom, which is controlled by Saudi Oger Ltd. - Reuters

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.