South African Mobile Operator Cell C Plans $413 Million IPO

South Africa mobile network operator Cell C Holdings Ltd. is planning an initial public offering in Johannesburg, the latest company to tap the African bourse’s capital markets amid a rally...

By Loni Prinsloo, Khuleko Siwele · Bloomberg Markets

South Africa mobile network operator Cell C Holdings Ltd. is planning an initial public offering in Johannesburg, the latest company to tap the African bourse’s capital markets amid a rally in shares.