Cell C board rejects takeover proposal from Telkom

(Telecompaper) South African operator Cell C's board has rejected a proposal from Telkom to acquire the mobile operator and said it is "unable and not willing to pursue any discussion" with the fixed line operator. Board chairman Mohammed Hariri said that Cell C has already entered into legally binding agreements through which it has committed to a recapitalisation with Blue Label Telecoms, among other parties. He confirmed that Cell C's board has received an unsolicited, non-binding and conditi