Cellular28.06.2007

Cell C off the shelf

Speaking at an informal media gathering today the Cell C CEO, Jeffrey Hedberg, said that the Cell C shareholders are no longer looking at selling the company.

He pointed out that the shareholders gave him instructions to focus on running the business and to not entertain further discussions about an acquisition of the mobile provider.

Hedberg further said that the outlook for the company is very positive despite recent media reports that it is struggling. He is confident that Cell C will double both its subscriber base and its revenue by 2010, capturing 20% of the local mobile market.

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