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Browsing: Cell C
Cell C’s decision to exit the network infrastructure business appears to be bearing fruit.
New research from Ookla shows that MTN is South Africa’s fastest mobile network by some margin, followed by Vodacom and Telkom.
The price changes are effective immediately, Cell C said on Thursday. They seek to match or better recent price cuts from rivals.
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.
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.