November 29, 2019 / 6:11 AM / 16 days ago

S.Africa's Telkom says Cell C has rejected takeover offer

JOHANNESBURG, Nov 29 (Reuters) - South African telecoms company Telkom SA said on Friday the board of its larger but troubled rival Cell C had rejected its takeover bid.

“The Telkom Board continues to believe the offer is a compelling proposition that would have created significant value for all stakeholders including Telkom’s shareholders,” the statement said. Cell C is majority owned by Blue Label Telecoms. (Reporting by Emma Rumney; Editing by Muralikumar Anantharaman)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below