Telkom, for many years shunned by both institutional and retail investors, appears to have shed its poor image in the investment community, with the market rushing to snap up its shares on the expectation of a significant turnaround in its fortunes. The share price was trading up by more than 6% in lunchtime trading on the JSE on Tuesday
Browsing: Cell C
First National Bank is poised to become the first South African financial services institution to launch a mobile virtual network operator (MVNO). The bank is at an advanced stage of discussions with Cell C to launch the MVNO, two independent sources with knowledge of the plans have told TechCentral. The news comes just a day after
JSE-listed retail group Mr Price has become the first South African retailer to launch a mobile virtual network operator (MVNO), TechCentral can reveal. It’s only the second company in the country to launch an MVNO after Virgin Mobile. Mr Price says it’s not keen to talk yet about its strategy behind its MVNO, called MRP Mobile
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Cell C has revealed that its subscriber base had grown to 18,1m at the end of June, a 59% improvement on a year ago, as it announces plans to restructure its interest-bearing debt. The company reported a 10,5% increase in revenue over the same period, it said. The mobile operator, South Africa’s third largest
Mobile operator Cell C plans to restructure its debt, asking holders of its bonds for permission to extend repayment of money it’s meant to pay back to them next year by a further three years. Reuters reported on Friday that the mobile operator, South Africa’s third biggest after Vodacom and MTN, plans to restructure
Cell C and MTN have chopped prepaid call rates again as South Africa’s mobile price war, which began in 2012, takes a fresh turn. Cell C announced that it is slashing its 66c/minute promotional prepaid offering to just 50c/minute
Former Telkom acting CEO and Cell C CEO Jeffrey Hedberg has been appointed as the new CEO of Mobilink, one of Pakistan’s largest mobile operators, parent company VimpelCom said in a statement on Friday. Hedberg succeeds Rashid Khan, who has decided to retire after almost 15 years in management positions
MTN has taken an axe to ad hoc data rates, reducing them significantly just as rival Cell C has been pushing them up on some of its offerings. The operator has adjusted its Pay Per Second price plan base data rate from R2/MB to 79c/MB, a reduction of more than 60%, it said. “As of
In The Tipping Point, Malcolm Gladwell demonstrated how fines that are set too low create the wrong behaviour. Only if they are set right does the required modification occur. I suspect we have a case of this here in South Africa, with the recent universal service obligations imposed on our leading national telecommunications