Cell C creditors hire bank and lawyers to lobby for Telkom takeover
They could block Cell C from pursuing an alternative recapitalisation plan by forcing the carrier into liquidation or business rescue
02 December 2019 - 17:11
Cell C creditors aren’t giving up on a takeover offer from rival Telkom, which SA’s third-largest mobile network operator rejected last week.
Senior debt holders have hired investment-banking firm Moelis & Co and corporate lawyers Linklaters and DLA Piper to lobby for the Telkom proposal, people familiar with the matter said...
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