Under the terms of the proposed transaction, existing airtime lenders will provide R4.25-billion in new super-senior debt secured by a significant portion of Cell C’s assets, excluding spectrum, according to sources.
Browsing: Stephen Koseff
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.
South African business leaders are in harmony on what the country needs after this week’s elections.
The ANC will come up with a comprehensive policy package to simultaneously boost growth, address racial inequality and tackle a 28% unemployment rate, a top party official said. The ANC is looking at “how you get growth, how you