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Competition Commission Approves Cell C Recapitalisation Competition Commission Approves Cell C Recapitalisation
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Competition Commission Approves Cell C Recapitalisation

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Image sourced from Town Press The Competition Commission announced that the proposed acquisition of Cell C assets by Gatsby SPV has been conditionally approved. “The Commission has recommended to the Competition Tribunal to conditionally approve the proposed transaction in which Gatsby SPV intends to acquire certain assets of the mobile network operator, Cell C,” the Commission in an official statement. Weekly Media Statement : @CompComSA gives #CellC deal a conditional approval pic.twitter.com/LjfWtDAlvs — CompComSA (@CompComSA) May 21, 2020 “The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets – further found that the proposed transaction does not raise any other public interest concerns,”...

Politics

Cell C Faces Potential Job Cuts

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Image sourced from Town Press South African network provider, Cell C says that it’s reevaluating some of the jobs at executive and management level – this process could deem certain positions redundant and ultimately result in job cuts. “In early March 2020, Cell C initiated a consultation process in terms of section 189A (2) of the Labour Relations Act 66 of 1995, specifically at a senior manager and executive level, and advised employees of the possibility of redundancy of certain positions and contemplated retrenchments,” says Cell C to My Broadband. The telecoms provider then went on to say that the process is still underway and it’s not yet sure how many positions will be cut. /* custom css */ .tdi_3_b38.td-a-rec-img{ text-align: left; }.tdi_3_b38.td-a-rec-img img{ margin: 0 auto 0 0;...