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Cell C and Telkom confirm tie-up discussions

2019-11-18 09:36:00| Telecompaper Headlines

(Telecompaper) South African operator Cell C says it is discussing various proposals, including a non-binding offer from Telkom, with independent financial and legal advisers appointed by its lenders. Cell C confirmed that it had received an offer from Telkom but said it remains focused on ensuring operational efficiencies, restructuring its balance sheet, implementing a revised network strategy and improving overall liquidity. It said that negotiations with MTN for an expanded roaming agreement are at an advanced stage. 

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