Cell C has net debt, excluding leases, on its balance sheet (prior to a planned recapitalisation) of almost R10-billion, but it still wants to participate in South Africa’s upcoming spectrum auction.
Cell C has reported an interim net loss after tax for the six months to June 2020 of R7.5-billion, but said this was mainly the result of once-off costs and adjustments and that normalised earnings actually grew by 64%.
Standard Bank Group is planning to scale up some of its operations and further digitise its systems to fend off fintech firms encroaching on its client base.
MTN’s Ghana unit said on Tuesday it was withdrawing a legal challenge it had filed to the supreme court over the market regulator’s move to designate it a significant market power.
In this special edition of the TechCentral podcast, Duncan McLeod chats to three top industry experts, Steve Song, Kerron Edmunson and Mortimer Hope, to unpack Icasa’s invitations to apply for spectrum and the Woan licence.
South Africans were cheered this week with three announcements many thought would never come: arrests in relation to state corruption and plans to sell vacant farmland and new Internet spectrum.
Operators will no longer have to hand back temporary spectrum assignments, awarded to them under the Covid-19 state of disaster regulations, until the spectrum auction is held in March 2021.
Africa’s mobile phone operators are ramping up plans to bring banking to millions of Africans, in some cases for the first time, after the coronavirus crisis caused a surge in use of digital financial services.
As Icasa prepares to release the long-awaited invitation to apply this week for five broadband spectrum bands, a new research report has cautioned the authority to set realistic prices.