Cell C attracts 6 bidders

Mergers, Acquisitions and Financial Results

Oger Telecom has received offers from six companies interested in buying its controlling 75 percent stake in the South African operator Cell C, Oger Telecom's chief legal officer and deputy CEO Mazen Abou Chakra told Business Day. These include both domestic and international players. Chakra said that Oger had made no decision yet about whether to sell its interest in the operator, but said it was happy with Cell C's performance over the past 12-18 months and remained "fully committed" to the business.

Oger chairman Mohammed Hariri said in March that the company would sell its stake if the right offer is forthcoming. Hariri told Reuters that Oger had hired Goldman Sachs to advise it on a possible sale. South African incumbent Telkom has since then expressed interest in a possible bid for Cell C. It's interest may have increased since competition regulators vetoed Telkom's planned mobile network sharing with MTN.
Source: Telecompaper 27 August 2015