Cell C CEO Douglas Craigie Stevenson said on Thursday that the company plans to use both the Vodacom and MTN networks to provide cellular services to its customer base.
Browsing: Cell C
Cell C has begun the planned migration of its customers off its radio access network as it moves to shut down this infrastructure to save costs. But instead of the clients being migrated to MTN, the’re going to Vodacom.
Six telecommunications companies have responded to the invitation to apply for access to radio frequency spectrum bands suitable for mobile broadband roll-out, with no real surprises among the names.
Telkom’s mobile data revenue surged 54% in the first half of its 2021 financial year, supported by an 81% surge in mobile traffic. However, it’s fixed-line business contracted sharply.
Huge Group subsidiary Huge Cellular has asked former partner Cell C to give it more time to migrate the remaining 15% of customers it hasn’t yet ported to MTN South Africa’s network. Cell C said it won’t get it.
Virgin Mobile, the first virtual mobile network operator to be launched in South Africa, has been placed into voluntary business rescue.
MTN South Africa delivered strong subscriber growth in the third quarter of 2020, propelled higher by an advance in prepaid users. This, coupled with surging demand for data, helped lift revenue and margins.
After years of toying with the idea of launching a mobile virtual network operator (MVNO) platform offering, MTN South Africa has finally pulled the trigger on it.
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.
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%.