Cell C to list shares on Johannesburg Stock Exchange
- Cell C Holdings is set to list on the Johannesburg Stock Exchange (JSE) under the ticker CCD.
- The listing will not involve raising new capital but will include a private placement of existing shares by The Prepaid Company.
- The Prepaid Company aims to raise approximately R7.7 billion through the share placement.
Cell C's strategic move to list on the JSE and its focus on restructuring indicate a strong commitment to growth and competitiveness in the telecom sector. This could potentially reshape the market dynamics, especially against established players like MTN and Vodacom. However, the success of these plans will depend on effective execution and market conditions.
