Under the terms of the proposed transaction, existing airtime lenders will provide R4.25-billion in new super-senior debt secured by a significant portion of Cell C’s assets, excluding spectrum, according to sources.
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Huawei Technologies reported a meagre 3.7% rise in quarterly revenue on Friday, ending the double-digit growth run it enjoyed earlier this year.
Huawei quietly spent months racing to stockpile critical radio chips ahead of Trump administration sanctions, ensuring it can keep supplying Chinese carriers in their $170-billion roll-out of 5G technology.
Pick n Pay plans to launch Pick n Pay Mobile as well as Boxercom, under its Boxer chain, the retail group said on Tuesday during its interim results presentation for the six months ended 30 August 30.
NAPAfrica, the Internet exchange point owned by data centre operator Teraco, has seen a 50% spike in peak traffic volumes in the past five months, driven by the lockdown and work-from-home measures.
The Chinese foreign ministry warned Sweden that it should revoke its ban on Huawei Technologies to avoid hurting prospects for Swedish companies.
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%.
Swedish regulators on Tuesday banned the use of telecommunications equipment from China’s Huawei and ZTE in its 5G networks ahead of the spectrum auction scheduled for next month.
Telkom dropped a bombshell on South Africa’s telecommunications industry this week when it said it was approaching the Competition Tribunal to object to Vodacom’s roaming agreements with Rain. But why?