March 1, 2017 / 1:19 PM / 6 months ago

Net1 UEPS to buy 15 pct stake in South Africa's Cell C

JOHANNESBURG, March 1 (Reuters) - Net1 UEPS Technologies will pay 2 billion rand ($150 million) for a 15 percent stake in South Africa's Cell C, the firm said on Wednesday.

Cell C is South Africa's third largest mobile network provider.

$1 = 13.0700 rand Reporting by TJ Strydom

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