Cell C might not survive: report
Cell C CEO Jose dos Santos says that there’s a “strong possibility” that Cell C won’t survive, if certain takeovers and deals in the industry get regulatory approval.
Dos Santos was speaking in a presentation to MPs on Friday, according to Bloomberg, where the CEO noted that the merger between Vodacom and Neotel, and a network sharing deal between Telkom and MTN, was putting its survival at risk.
“You are going to go back to where we started 20 years ago if those deals pass regulatory muster,” Dos Santos was quoted saying.
“There is a very strong possibility that Cell C won’t survive. We need to put remedies to allow small players to stay in the game.”
The CEO said that regulation was needed in order to change the current state of the industry, which had not changed since 2012.
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