Mobile operator says it remains focused on its turnaround strategy
A shopper walks past a Telkom shop at a mall in Johannesburg. Picture: REUTERS/SIPHIEW SEBEKO
Executives of Johannesburg-based Cell C are against a Telkom deal because of uncertainty over how a combination of the companies will affect a roaming agreement with MTN, said the people, asking not to be identified because talks are ongoing.“Cell C remains focused on its turnaround strategy, which includes ensuring operational efficiencies, restructuring its balance sheet, implementing a revised network strategy and improving overall liquidity,” the company said in an e-mail.
Representatives from Telkom and MTN declined to comment. Telkom announced on Friday it was in early negotiations to buy Cell C and combine SA’s smallest wireless operators to better compete against MTN and Vodacom.For its part, Cell C signed an agreement last week with MTN to use its larger rival’s network in exchange for additional spectrum. The firm is seeking to cut costs and stem losses as it struggles to make payments on R9bn of debt.
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