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Cell C targets IPO by 2020
2016-01-12 09:40:00| Telecompaper Headlines
(Telecompaper) South African mobile operator Cell C is planning to list on the Johannesburg Stock Exchange (JSE) in the next three to four years. Cell C CEO Jose dos Santos said Cell C will join its rivals Vodacom, MTN and Telkom, which are all listed on the JSE's main board, adding that the operator would use the next three years to position the company strongly for a favourable listing, The Sunday Times reported. Santos said the markets will still be trying over the next two or so years, but the company will use this time to make sure it has changed perceptions about the company and to ensure there is an appetite to buy Cell C from a customer and listing perspective.
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Category:Telecommunications