Browsing: Cell C
Cabinet has approved an amended version of the Electronic Communications Amendment Bill, taking South Africa closer to the allocation of radio frequency spectrum to mobile operators.
Seacom, which operates an undersea cable that connects Africa to Europe and Asia, is not commenting on speculation that it is in talks to buy South African fibre provider FibreCo Telecommunications.
As Blue Label’s share price on Wednesday fell to the same level as its debut price on the JSE 11 years ago, the company’s management team has moved to assure the market that its acquisition of 45% of Cell C was not only well thought through but will deliver the expected returns.
A day after falling 8% on the back of interim results published by Cell C, Blue Label Telecoms shares again took a battering on Wednesday after the group published full-year results.
Cell C has reduced its net loss after tax in the first half of the 2018 financial year by 33% to R645-million on the back of an 11% improvement in service revenue to R6.9-billion.
A new, South African-developed rival to Facebook’s WhatsApp, which offers zero-rated data access on South Africa’s four largest mobile operators, has been launched.