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.
Browsing: Jose dos Santos
A board meeting of a key Cell C shareholder scheduled for earlier this month was cancelled in order to probe alleged fraud related to the removal and appointment of company directors, TechCentral has learnt.
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.
“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 has begun talks to delay debt payments and hired consultants to probe its business practices and advise on a restructuring.
Cell C spent R523.9-million acquiring programming and movie rights for its Black video-streaming platform in the 2018 financial year, the mobile operator has revealed.
Cell C has appointed its chief operating officer, Douglas Craigie Stevenson, as interim CEO following the departure of Jose Dos Santos.
Jose Dos Santos will step down as CEO of Cell C at the end of February, the mobile operator’s largest shareholder, JSE-listed Blue Label Telecoms, said in a statement on Friday.
Cell C said on Tuesday that it has completed the implementation of its roaming agreement with MTN South Africa.
Cell C has appointed Zafar Mahomed as its new chief financial officer. This follows the short tenure of the previous CFO, Tyrone Soondarjee, who resigned in May after less than a year in the role.