Telkom could make another bid for Cell C - Report

[Jamie McKane]

Telkom could make another bid for Cell C - Report

Telkom SA SOC Ltd. is considering making an offer to buy a majority stake in Cell C Pty Ltd. that would lead to a combination of South Africa’s third- and fourth-largest mobile-phone companies, according to people familiar with the matter.

The former landline monopoly is seeking management control of the Johannesburg-based carrier, said the people, who asked not to be named as the plans are private.

[Bloomberg]

 

[DXL]

This may help Cell-C in the long term and possibly create a good strong 3rd Operator with the ability to compete Effectively with Vodacom and MTN , it will further Boost the coverage and profits of Telkom.

 

[hellfire]

Did Blue Label just do this?

 

[DXL]

Yes they taking a quick R1 Billion Profit.

So the time to invest in blue label is now. Buy now and sell next year after they launch Cell-C.

But I guess Blue Label will want to hold a stake like 33% in the new merged operator.

 

[Swa]

Goodbye competition.

 

[ekske1]

Goodbye competition.

lol. Really?

 

[Swa]

lol. Really?

Yes. Telkom is much more expensive than Cell C since they killed their Smartbroadband bundles. With Cell C gone there would be nothing to stop them from further increasing prices.

 

[d0b33]

Guess I'm porting to Vodacom. CellC and Telkom have both let me down on many an occasion.

 

[Mampara]

Hope their customer service improve and fibre connection spread to more suburbs

 

[Mrlepen]

Telkom must take over cell-c faster to increase capacity on all fronts to deliver great speeds to the masses who are tired of this throttling by cell-c it's about time somebody challenged Vodacom and MTN

 

[yebocan]

Yes they taking a quick R1 Billion Profit.

So the time to invest in blue label is now. Buy now and sell next year after they launch Cell-C.

But I guess Blue Label will want to hold a stake like 33% in the new merged operator.

Blue Label went from R15.00+ per share to around R5.00...after buying into CellC..plenty of value in Blue Label, you right can pick up Blue Label shares, cheap cheap.