JSE-listed Blue Label Telecoms and Cell C have reached an 11th-hour agreement that now appears to pave the way for a major restructuring of the debt-laden mobile operator
Browsing: Cell C
Cell C has hit back at its black economic empowerment partner CellSAf, which at the weekend threatened to take the mobile operator to court if it proceeds with a planned restructuring in terms of which
Cell C’s black economic empowerment shareholder, CellSAf, which currently holds 25% of South Africa’s third largest mobile operator, has warned it will head to court this week if a planned restructuring goes ahead, saying it’s
Telkom is considering acquiring Cell C’s debt as it seeks to gain access to subscribers of the nation’s third largest mobile phone company. Cell C creditors approached Telkom to help reorganise debt that includes
The board of Cell C has rejected overtures from rival Telkom to acquire the mobile operator and said it is “unable and not willing to pursue any discussion” with South Africa’s fixed-line incumbent. The move appears to pave the
Cell C’s future will be decided by this time next week. That’s when the mobile operator must complete a planned restructuring in terms of which Blue Label Telecoms will take a 45% stake in the debt-laded mobile operator. But there’s now
Telkom is considering a bid of as much as R13bn for Cell C, which has missed debt payments and is trying to complete a recapitalisation, according to three people familiar with matter. Investment banks are also approaching other potential
There is a prevailing view in government – or certainly in the department of telecommunications & postal services – that infrastructure competition in providing broadband is bad. Nothing could be further from the truth.
Communications regulator Icasa has deferred a planned auction of high-demand spectrum indefinitely. In a notice published in the Government Gazette, Icasa said it is deferring the timeframe for the award process “until further notice”. The move is
On TalkCentral this week, Duncan McLeod and Regardt van der Berg gather around the microphones to discuss Liquid Telecom consummating its deal to buy Neotel. What’s next for South Africa’s “second network operator” now that it’s under