It’s not all doom and gloom at Cell C, apparently. The debt-laden mobile operator has managed to scrounge up the cash to renew its sponsorship of Sharks Rugby.
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Donald Trump’s top aides spent more than a year demanding that key allies ban Huawei from next-generation wireless networks. That’s not working out so well for the US president.
Communications minister Stella Ndabeni-Abrahams has appointed Basil Ford as administrator of Usaasa, the government agency charged with bridging the digital divide in South Africa.
Shares in the JSE-listed technology group plunged to levels last seen more than 10 years ago on Wednesday as investors continued to fret about its prospects.
Cell C has appointed two new non-executive directors, Sindi Zilwa and Mark Nelson-Smith, to its board, it said on Wednesday. The operator’s chief legal officer, Zahir Williams, is also joining the board.
Boris Johnson insisted the decision to allow Huawei to play a limited role in the UK’s 5G infrastructure would not “imperil our relationship” with the US as he faced a backlash from Tory MPs and US Republicans.
Mobile World Congress, the annual technology event in Barcelona which attracts more than 100 000 visitors, will go ahead with extra medical precautions in place amid the coronavirus outbreak.
An Israeli cybersecurity firm said it believes a new strain of ransomware was created by Iran and has the ability to lock up or even delete industrial control systems.
Apple is still reaping huge profits from the iPhone while mining more moneymaking opportunities from the growing popularity of its smartwatch, digital services and wireless earbuds.
Cell C has defaulted on the payment of interest on a $184-million loan, which was due in December 2019, along with interest and capital repayments related to bilateral loan facilities with various lenders.