Blue Label Telecoms cautioned shareholders on Monday that it remains in talks about a recapitalisation of mobile operator Cell C, in which it holds a 45% stake.
Browsing: Cell C
While plenty has been spoken around ARC’s fee structure, not enough has been asked about its valuation of Rain. By Keith McLachlan.
Cell C terminated the provision of network services to Virgin Mobile South Africa at 5pm on Wednesday, signalling the death of the country’s first mobile virtual network operator.
Mobile operator Cell C has reported R2.3-billion in profit before tax, a huge turnaround in fortunes from the R10.6-billion PAT loss it reported a year ago.
Cell C CEO Douglas Craigie Stevenson has criticised Telkom over its narrative that there is an abusive “duopoly” between Vodacom and MTN in South Africa’s mobile market, saying this argument no longer holds water.
Cell C’s largest shareholder, Blue Label Telecoms, disclosed on Thursday that a term sheet to recapitalise the mobile operator has finally been signed after protracted negotiations.
Standard Bank’s mobile virtual network operator, or MVNO, has launched aggressively priced fixed-LTE solutions, with prices as low as R139 for 50GB of data for its top-tier banking clients.
JSE-listed Blue Label Telecoms, which owns 45% of mobile operator Cell C, said on Friday that it will report a big jump full-year headline earnings when it reports results next week.
We believe TechCentral’s Duncan McLeod has overlooked key aspects of Telkom’s argument for a fair playing field in the telecoms sector and a pro-consumer approach to regulation and oversight. By Liza Zouabi.
There is real irony in the way Telkom is using every opportunity it gets to complain about a “duopoly” in South Africa’s mobile industry. By Duncan McLeod.