Cell C gets green light for CEC acquisition in major operational shift
- Cell C's acquisition of Comm Equipment Company (CEC) has been approved by South Africa's Competition Commission.
- The acquisition will be settled through an exchange of Cell C shares.
- CEC is currently owned by The Prepaid Company, a subsidiary of Blue Label Telecoms.
The approval of Cell C's acquisition of CEC is a strategic move that could enhance Cell C's operational capabilities and competitive position in the market. However, the success of this integration will depend on effective implementation and management of the newly consolidated operations, especially given the financial challenges Cell C faces.
