BlueTel - Cell C binding term sheet

BlueTel announce that Cell C Ltd. ("Cell C") has concluded a binding term sheet with The Buffet Consortium ("Buffet") in terms of which Buffet shall, subject to the fulfilment of certain conditions precedent, become a minority shareholder in Cell C. With Buffet support the Cell C balance sheet will be bolstered and ensure Cell C's sustainable growth for the future.

A further detailed announcement shall be made once the parties have executed the transaction documents required to give effect to the principles recorded in the binding term sheet.

2019-02-22 14:08:19