The price war in South Africa’s mobile industry is starting to take its toll, evidenced this week by the declining subscriber numbers at MTN, which conceded that it had been too slow in cutting its rates to match its rivals. But behind the scenes a much more interesting battle is brewing
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Cell C has appointed Robert Pasley to the combined position of chief financial and strategy officer with immediate effect, the mobile operator said on Monday. Pasley takes over the finance role from Fabrizio Mambrini, who resigned in January. Mambrini left Cell C to return to the company’s foreign parent
The MD of South Africa’s fourth mobile network operator, Telkom Mobile, has pooh-poohed suggestions that merging the company with Cell C would make sense for Telkom. Attila Vitai has told TechCentral that the move would make more sense for Cell C, South Africa’s third network operator, than it would for Telkom
The combined R5,7bn Cell C has received from its majority shareholder, Oger Telecom, and in financing from a Nedbank-led grouping will be used to improve its network and win market share from rivals Vodacom and MTN, says the operator’s CEO, Alan Knott-Craig. But Knott-Craig
Cell C’s majority shareholder, Dubai-based Oger Telecom, has earmarked an equity investment of US$350m (R3,5bn) for the mobile operator. In addition to the shareholder injection, key lenders, including Nedbank and Development Bank of South Africa (DBSA), have concluded a long-term financing package of R2,2bn to Cell C, in a transaction arranged
Simon Duffy has stepped down as nonexecutive chairman of Cell C after six years in the role. He is succeeded by Oger Telecom chairman Mohammed Hariri. Oger owns a controlling 75% stake in Cell C. Hariri is also vice-chair of Oger Telecom parent Saudi Oger, where he has
Cell C is losing its chief financial officer. Fabrizio Mambrini, who joined the mobile operator five years ago, has tendered his resignation and will leave its employ soon, TechCentral has learnt. Mambrini will return to Oger Telecom, Cell C’s parent company, where
Cellular operator Cell C may retrench as much as 12% of its workforce as it seeks to eliminate “overstaffing”, TechCentral has established. The company informed its employees this week that a “process of consultation” with them was being started to “streamline the business”. It’s understood that Cell C’s networking
Cell C’s parent company and effective controlling shareholder, Dubai-based Oger Telecom, is injecting US$180m, or about R1,5bn, as new equity into company, the SA mobile telecommunications operator said on Thursday. In a brief statement, Cell C CEO Alan Knott-Craig says: “The foreign investment into
Qatar has made an offer to buy Saudi Oger’s 55% stake in Oger Telecom, Cell C’s parent company, according to a report on wire service Reuters, which quotes unnamed sources reportedly familiar with the matter. The deal, if it happens, will give Qatar control of Turkey’s Turk Telecom and Cell C. Saudi Oger is controlled by the family