MTN South Africa has turned in a resilient financial performance in the first six months of the financial year to June, with both margin expansion and strong sales growth during the period.
Browsing: Cell C
Starlogik, a US-headquartered telecommunications specialist with its roots in South Africa, has partnered with Cell C to roll out what it calls the “first totally free virtual cellular offering”.
Cell C is in advanced talks with Rand Merchant Bank and Investec to provide it with about R4-billion rand in fresh capital, according to people familiar with the matter.
Cell C said on Wednesday that is has made significant progress in migrating its customers off its own radio access network to the network of roaming partner MTN.
Avvatta, the brainchild of the former CEO of Cell C’s now-defunct entertainment platform, Black, has been launched, promising more competition in the already-crowded streaming video market in South Africa.
Cell C on Tuesday reported a full-year loss to 31 December 2020 of R5.5-billion. Dire as that sounds, it marks an improvement on the first half of the year, when it turned in a R7.6-billion loss.
MTN is tops among South African customers, while Rain is stone last – and by some distance – according to new research gauging the sentiment of consumers towards local telecommunications operators.
Just a week after its CEO, Pieter Engelbrecht, teased the launch of its own mobile service, Shoprite Group has provided details of the launch K’nect Mobile, its mobile virtual network operator platform.
Wholesale revenue at MTN South Africa declined by 16.4% in the 2020 financial year after the discontinuation of the company’s roaming supply agreement with Telkom.
Cell C is showing signs of having turned the corner, at least when it comes to its income statement – the company’s balance sheet still needs fixing through a planned recapitalisation.