South African Operator Telkom Withdraws Bid for Cell C

South African Operator Telkom Withdraws Bid for Cell C Image Credit: Telkom

Telkom, South Africa's largest fixed-line operator and the smallest mobile network among four in the country, has announced that it has terminated its discussions with Oger Telecoms to acquire a stake in Cell C, the country's third-largest mobile operator. “Shareholders are now advised that Telkom and Oger Telecom have mutually agreed to terminate these discussions,” Telkom said in a statement. Dubai-based Oger Telecoms owns 75% of Cell C that has around 20 million subscribers.

Early this month, Telkom confirmed talks that it is pursuing to acquire stake in Cell C to be in a better position to compete with the two other leading operators, Vodacom and MTN and to help offset declining sales at its larger fixed-line unit.

 

 

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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