ACQUISITIONS
Cell C is on an expansion drive to deliver more services
Cell C is seeking acquisitions to help transform SA’s third-biggest cellphone company into a full-service telecommunications provider offering internet and financial services as well as traditional calls and texts. The wireless carrier was working on two fibre-to-the-home deals and was looking at other targets in markets such as insurance, CEO Jose dos Santos said in an interview. The expansion would start a new phase of development for Cell C after it reduced debt by more than 70% in a recapitalisation by Blue Label Telecoms in 2017. "We are in the process of doing the right acquisitions and partnerships to be able to provide everything from content, insurance and possibly even financial services that all goes along with well-priced data and broadband services," he said. "We want to start generating different revenue streams." Dos Santos’s plans may help Cell C come out of the shadow of Vodacom and MTN, SA’s two dominant cellphone companies. Subscriber numbers at Cell C, which has ...
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