Cell C reported a net loss after tax of more than R8-billion in the 12-month period ended 31 May 2019 as the mobile operator battles its own internal cost problems and a weak economy.
Browsing: Telecoms
Huawei Technologies founder Ren Zhengfei is ready to license his 5G networking technology only to one other company – and he wants that potential arch-rival to be American.
A day before Blue Label Telecoms reports its annual results, the technology group has announced it will sell various businesses, including part of 3G Mobile, to deleverage its balance sheet.
Just 10 days after suffering major downtime, Cool Ideas is again blaming a distributed denial-of-service attack for customers’ slow or non-existent connections, this time affecting international services.
Shares in Blue Label Telecoms enjoyed a rare upswing on Friday, a day after it issued a trading update that showed its core business continues to perform well despite the ongoing woes at Cell C.
US secretary of defence Mark Esper warned that Nato allies utilising 5G telecommunications networks developed by China could put military and intelligence relationships at risk.
Blue Label Telecoms will take an almost R6.71/share hit to its earnings per share for the full-year to 31 May 2019 thanks to the ongoing woes at Cell C, it warned on Thursday.
Icasa plans to issue an “information memorandum” before the end of the year on the licensing process for high-demand spectrum, finally kicking a process into gear that should have been concluded years ago.
Rain has launched a commercial 5G wireless home broadband service, becoming the first telecommunications operator in South Africa to do so.
From inception, no one has made an equity return from investing in Cell C. It’s doubtful whether Jonathan Beare and his Buffet Consortium will be any different.