China Mobile in negotiation to take over Cell C

According to a report, China Mobile is rumored to take over Cell C. Telkom. An agreement is taking place between Cell C and China Mobile and that a “deal is imminent”.

According to a report from TechCentral, the veracity of the agreement is not yet determined since Telkom may again show some sort of interest in Cell C.

The CEO of Telkom, Sipho Maseko, specified earlier this year that the company was no longer interested in buying the mobile operator.

If the latest source is correct, and China Mobile does take over a stake in Cell C — and especially a controlling stake — it may have an important influence on the South African mobile market, mostly in light of the Chinese company’s deep pockets, technical expertise and buying power.

According to a response to a query from TechCentral, Cell C said: “We cannot comment on behalf of Telkom or China Mobile. Cell C will keep the door open to any conversations that will assist the company’s future viability.”

China Mobile, which is mainly owned by the Chinese government, is the world’s largest mobile operator by subscribers. Its businesses primarily consist of mobile voice and data operations, fixed broadband, and other information and communications services.

Source: TechCentral