Mobile operator Cell C has made a further move to restructure its crippling debt. The company, which accrued the debt rolling out its second-generation voice network over the past decade, said on Friday it had offered to purchase for cash its outstanding €400m “first priority senior secured notes” due 2012.
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Events conspired against us and we missed last week’s TalkCentral recording. But we’re back with a bumper episode 9 of SA’s business technology podcast, and there’s plenty to talk about. Your hosts, Duncan McLeod and Candice Jones, delve in detail into Cell C’s launch of its broadband wireless network and look at how it’s taking the fight to bigger rivals MTN and Vodacom.
MTN and Telkom, which recently signed a cellular roaming agreement, are facing off in a dispute over wholesale mobile termination rates. Telkom, which is due to launch its own mobile network within the next couple of months, wants to charge MTN — and presumably other operators — 93c/minute to carry calls onto its new network.
South Africans are a cynical lot. When it comes to telecommunications, that cynicism is often justified. Too often, SA operators are big on promises and short on delivery. But Cell C’s new strategy may indeed shake up SA broadband. Cell C CEO Lars Reichelt is a dynamic and colourful character. His colleagues at the cellular network operator say he works harder than anyone they’ve met, often pulling stints late into the night and insisting that his team be available to work similarly long hours.
Cell C, which launched its third-generation (3G) mobile network in the Eastern Cape city of Port Elizabeth on Friday, is playing up its launch offering of two broadband modems with 24GB and 60GB data bundles. But the company has also quietly introduced two new data-only products at prices that are significantly lower than the offerings that are bundled with modems and much cheaper than anything offered by rivals MTN and Vodacom.
Cell C will begin upgrading its new wireless broadband network to 42Mbit/s within the next six to eight months, CEO Lars Reichelt says. On Friday, Cell C switched on the first leg of its third-generation (3G) cellular network in Port Elizabeth, offering peak speeds of up to 21Mbit/s. It is expected to expand the network to two more cities in September – probably Bloemfontein and Durban.
Cell C finally showed its hand in broadband pricing on Friday as it switched on its third-generation mobile network in the Eastern Cape city of Port Elizabeth. The company will offer two broadband packages.
Telecommunications operator Cell C will launch the first leg of its mobile broadband network in Port Elizabeth. TechCentral has established that Cell C will launch its third-generation (3G) network, on which it is spending about R5bn in 2010, in the Eastern Cape city.
With more than half a dozen SA operators rolling out their own national networks, consolidation in SA’s telecommunications industry looks inevitable. There’s a chance Cell C and Dimension Data could be the ones to kick it off. Didata division Internet Solutions looks a bit like the odd man out these days. The converged service provider, which remains a powerful force in the corporate market, is the only big player in its space that doesn’t have its own significant investment in telecoms infrastructure.
Kenyan telecommunications operator Safaricom has increased its market share from about 60% three years ago to over 80% on the back of its M-Pesa cellphone money transfer service. Now Vodacom is hoping to emulate those market share gains in SA. That’s the word from Mark Taylor, newly appointed MD of Vodacom Payment Services, the company that houses the company’s M-Pesa offering.