Browsing: Saudi Oger

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

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

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