The downgrade of Cell C’s corporate credit rating to the junkiest of junk by S&P Global Rating is another blow to the telecommunications company’s brave ambition of reducing its crippling debt load of R20,7bn. This is the view of
Browsing: Blue Label Telecoms
South Africa’s third biggest mobile operator, Cell C, has been downgraded after missing an interest payment, S&P Global Ratings has said in a statement. The rating agency downgraded Cell C to “D”. According to the company’s website
Blue Cellular, a mobile distribution specialist with almost R1bn/year in revenue, is “working towards” a JSE listing as it eyes expansion in the corporate sector and opportunities in delivering content to mobile users, its
Cell C has blamed the depreciation in the value of the rand against the US dollar for its decision, announced on Monday, to increase prices of a wide range of its prepaid and contract packages. The mobile operator, which is in the
Mobile operator Cell C is hiking the price of out-of-bundle data by more than 10% on many of its tariff plans, while also pushing up contract and data subscription charges. In a notice published on the company’s website, it said out-of-bundle
Jasco Electronics, Huge Group and Blue Label Telecoms top the list of best-performing technology shares on the JSE in 2016, TechCentral’s annual analysis of share price performances shows. Jasco, led
Here they are, TechCentral’s South African ICT Newsmakers of 2016. These are the individuals, in ascending order from five to one, who we believe were the most newsworthy in the technology and telecommunications space this year, for
JSE-listed Blue Label Telecoms – the company in the throes of acquiring 45% of mobile operator Cell C for R5,5bn – has announced plans to invest in start-ups. The firm has unveiled a new “business boutique accelerator programme
Cell C’s planned recapitalisation, in terms of which JSE-listed Blue Label Telecoms will acquire 45% of the mobile operator for R5,5bn, has hit turbulence. News wires, including Reuters, reported on Thursday
Cell C will reduce its net borrowings to a maximum of R6bn – from a proposed R8bn previously – Blue Label Telecoms, which is in the throes of buying a 45% stake in the mobile operator for R5,5bn