Cell C’s largest shareholder, the JSE-listed Blue Label Telecoms, said on Friday that The Buffet Consortium plans to buy a minority shareholding in Cell C that will bolster the mobile operator’s balance sheet.
Author: Duncan McLeod
Duncan McLeod
Duncan McLeod is founder and managing editor of TechCentral. With more than 30 years of experience in technology journalism, he has worked for and contributed to a range of publications, including the Financial Mail, the Sunday Times and the Financial Times.
EOH CEO Stephen Van Coller sent a letter to employees, clients and shareholders on Friday, reflecting on what has been a week from hell for the JSE-listed IT services group. Read it here.
Jose Dos Santos will step down as CEO of Cell C at the end of February, the mobile operator’s largest shareholder, JSE-listed Blue Label Telecoms, said in a statement on Friday.
Finance minister Tito Mboweni will “work relentlessly” with communications minister Stella Ndabeni-Abrahams to ensure additional radio frequency spectrum is allocated as soon as possible.
EOH Holdings founder Asher Bohbot is stepping down from the JSE-listed IT services group’s board of directors, ending a source of potential conflict with newly appointed CEO Stephen van Coller.
Exclusive | Microsoft terminated longstanding partner agreements with EOH after an anonymous whistle-blower filed a complaint about alleged malfeasance with the US Securities & Exchange Commission.
Stephen van Coller has called on anyone with evidence of corruption involving the JSE-listed IT services group to bring it to him as he attempts to “root out” any “historical, unethical business practices”.
EOH Holdings has “proactively initiated” an internal investigation into subsidiary EOH Mthombo’s channel partner business unit after Microsoft served a notice of termination on two agreements with the company last Friday.
The chairman of communications regulator Icasa will stay on in the role because the telecommunications and broadcasting authority claims it is not empowered to remove him.
Uganda has deported the CEO of MTN’s Ugandan subsidiary, less than a month after the East African country did the same to its chief marketing officer, its head of sales and distribution, and its head of mobile financial services.