News
Special purpose vehicle Gatsby to buy into Cell C in recap plan
The Competition Commission on Thursday said it has given its conditional approval for an entity called Gatsby SPV to acquire “certain aspects” of Cell C.
Browsing: Douglas Craigie Stevenson
News
Cell C recapitalisation plan finalised
The planned recapitalisation of Cell C, believed to involve the Buffet Consortium and other investors, has been finalised, though details are only expected to be made public next month, TechCentral has learnt.
News
Cell C names Simo Mkhize as chief commercial officer
Cell C has appointed Simo Mkhize as chief commercial officer with immediate effect. Mkhize has 23 years of experience in the telecommunications industry, which includes five years at Cell C previously.
News
Cell C losses reduced as its turnaround starts to bear fruit
Financially distressed mobile operator Cell C said the second half of its 2019 financial year showed a solid turnaround in its fortunes, with a R1-billion improvement in Ebitda.
Douglas Craigie Stevenson
How we’re turning around Cell C, by Douglas Craigie Stevenson
Earnings are up, margins are stabilising and there is a ruthless approach to cutting additional costs out of the business. A recharged Cell C is being built that creates value for its stakeholders.
News
Cell C renews Sharks sponsorship despite financial woes
It’s not all doom and gloom at Cell C, apparently. The debt-laden mobile operator has managed to scrounge up the cash to renew its sponsorship of Sharks Rugby.
News
Cell C defaults on interest repayments on R2.7-billion loan
Cell C has defaulted on the payment of interest on a $184-million loan, which was due in December 2019, along with interest and capital repayments related to bilateral loan facilities with various lenders.
News
Telkom shares jump as Cell C deal off the table
Shares in Telkom soared shortly after markets opened in Johannesburg on Friday as investors took cheer from the fact that the it won’t be burdened with rival Cell C’s debt problems.
Broadcasting and media
Cell C pulls the plug on Black
Cell C is pulling the plug on Black, its ill-fated video-on-demand platform in which it invested well north of R1-billion since its launch just two years ago.
News
MTN, Cell C deal ‘meets regulatory requirements’
Cell C’s expanded roaming agreement with MTN South Africa, which was signed at the weekend, “adheres to all applicable legal and regulatory requirements”, the companies said.
