According to the chief executive officer of mobile network Cell C, a stock exchange listing for the company is on his ‘radar’.<\/p>\n
Cell C, which is South Africa’s third largest network with 22 million subscribers, has not listed on the JSE since its launch in 2001.<\/p>\n
This means Cell C is not obliged to publicly publish its full financial results.<\/p>\n
In May this year Cell C did report that its year-on-year revenues grew 3%, but the company did not detail exact figures concerning losses or profitability.<\/p>\n
In an interview with Cell C CEO Jos\u00e9 Dos Santos this week, Fin24 asked him whether his company would ever consider listing on the JSE.<\/p>\n
“It’s certainly something that’s on my radar,\u201d Dos Santos told Fin24.<\/p>\n
\u201cI think that a legacy I’d like to leave is that we eventually have this company listed and unlock some real value,\u201d he said.<\/p>\n
South Africa\u2019s two biggest mobile networks Vodacom [JSE:VOD] and MTN [JSE:MTN] are listed on the JSE.<\/p>\n
Vodacom has about 30 million subscribers and a market capitalisation of R211.6bn, according to Bloomberg data.<\/p>\n
MTN has 28 million subscribers in South Africa and a market capitalisation of R331bn.<\/p>\n
CEO upbeat about ops<\/strong><\/p>\n Dos Santos also said in a media briefing this week that Cell C is operationally profitable in 2015 for the first time ever.<\/p>\n However, he was not willing to provide Fin24 with further details on the company\u2019s profitability.<\/p>\n Also, reports have quoted Telkom executives as being interested in acquiring Cell C. This comes as Saudi Arabia\u2019s Oger Telecom is said to be considering selling its majority stake in Cell C.<\/p>\n Dos Santos told Fin24 on Wednesday that up to six companies have expressed interest in Cell C, but did not disclose the companies’ names.<\/p>\n Fin24<\/a><\/p>\n We are profitable: Cell C CEO<\/a><\/strong><\/p>\n 6 groups interested in acquiring Cell C: report<\/a><\/strong><\/p>\nMore on Cell C<\/h3>\n