Negotiations are taking place between Cell C and China Mobile, with a deal between the two mobile operators being imminent.<\/p>\n
This is according to a\u00a0report by ITWeb<\/strong><\/a>\u00a0which stated that Cell C CEO Douglas Craigie Stevenson is open to discussions which will \u201cassist the company\u2019s future viability\u201d.<\/p>\n Responding to questions from MyBroadband, Cell C said it cannot comment on behalf of China Mobile.<\/p>\n \u201cCell C will keep the door open to any conversations that will assist the company\u2019s future viability,\u201d the company told MyBroadband.<\/p>\n Cell C struggling financially<\/strong><\/p>\n Cell C has been struggling financially, and two of its largest shareholders \u2013 Blue Label Telecoms and Net1 \u2013 recently impaired their investments in the operator to nil.<\/p>\n Blue Label is the largest shareholder in Cell C with a 45% stake in the company, while Net1 owns 15% of the mobile operator.<\/p>\n Despite the mobile operator\u2019s current financial challenges,\u00a0Blue Label Telecoms co-CEO Brett Levy said<\/strong><\/a>\u00a0Cell C has a bright future.<\/p>\n Levy said that Cell C had experienced many positive changes over the last few months, adding that the company\u2019s turnaround strategy was progressing well.<\/p>\n \u201cThe deals we are working on have progressed tremendously. There is a great future for Cell C,\u201d Levy said.<\/p>\n