Cell C’s full financial results, for the six months ended June 2016, provide detailed insight into the performance of South Africa’s third largest mobile telecommunications operator for the first time. The numbers are contained in a
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MTN Group, responding in detail to allegations that the wireless carrier illegally moved more than US$14bn out of Nigeria, said central bank approvals were obtained before any dividends were issued. “No dividends were declared
R39,5bn. That’s the amount South Africans spent on cellphone contracts in 2015. This analysis of the market is possible for the first time after the publication of a transaction circular by Blue Label Telecoms, which detailed
MTN Group shares slumped to a six-year low after a Nigerian senator claimed the wireless carrier may have illegally moved more than the previously estimated US$14bn out of the country, citing early findings
Popular (mis)conception has it that Cell C, whose resurgence began under Alan Knott-Craig in 2012 and continues under Jose Dos Santos, has been rapidly stealing market share from larger rivals Vodacom and
MTN Group may have illegally moved more than the previously claimed US$14bn out of Nigeria, a lawmaker said, citing early findings from an investigation into the allegation by international forensic experts. “We have realised from
How many customers does Cell C actually have? On its website, as well as in communication from the company over the past year, it has claimed to have over 20m subscribers. But a regulatory filing on Tuesday suggests it actually
Cell C is in the process of raising US$600m, or about R8,5bn, to prop up its balance sheet, given its crippling debt load of R23,6bn. The company’s management is currently on a roadshow in London to drum up support among investors, as the
The recently released national integrated ICT policy white paper mandates an open-access, wholesale wireless network with exclusive rights to high-demand spectrum. This is intended to break the stranglehold
Cell C is “very definitively” offering the best deals for consumers looking to get their hands on Apple’s new iPhone 7. Tariffic, a company that helps retail consumers and businesses save money on their cellphone bills, has