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South African telecoms group completes restructuring upon Chapter 15 sanction

By Benjamin Clarke

11 August 2017

South African telecoms group completes restructuring upon Chapter 15 sanction iStock.com/PeopleImages

South African telecoms company Cell C has completed its financial restructuring after a US bankruptcy court agreed to recognise and enforce an order entered by the South African High Court, which will cut the company's debt by about US$1.3 billion.