Cell C said late on Thursday that it is up to date with all payments to MTN South Africa for its national roaming agreement.
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Cell C has missed several payments to national roaming partner MTN South Africa, underscoring the dire financial straits in which the country’s third-largest mobile operator finds itself.
MTN Group’s first-half earnings rose as Africa’s largest wireless carrier pushed ahead with an asset disposal plan and saw strong profit growth in its biggest market of Nigeria.
Financially strained telecommunications operator Cell C said on Wednesday that it has finalised a term sheet for a further national roaming agreement with rival MTN South Africa.
Cell C’s board has appointed Douglas Craigie Stevenson as its permanent CEO. Craigie Stevenson had been serving in act acting capacity for the past five months following the resignation of Jose Dos Santos in March.
Access to data will increase, and prices will fall, only if government gets out of the way and allows companies to have more spectrum and compete more freely. By Christo Hattingh.
“We don’t have another chance to do this again. We have to do this right,” interim CEO Douglas Craigie Stevenson said in an interview with TechCentral.
Cell C’s largest shareholder, JSE-listed Blue Label Telecoms, has moved to reassure nervous investors about the mobile operator’s prospects.
Cell C has begun talks to delay debt payments and hired consultants to probe its business practices and advise on a restructuring.
The troubles facing financially distressed mobile operator Cell C have taken a dramatic turn. TechCentral received this open letter from CEO Douglas Craigie Stevenson on Wednesday evening, which we publish here in full.