South Africa: Cell C says it is up to date with MTN roaming payments

Cell C said that it is up to date with all its payments to MTN South Africa under their national roaming agreement, reports TechCentral. Cell C said aspects of its agreement with MTN were recently renegotiated and this had led to a reduction in its roaming obligations. MTN Group said in its H1 figures that under IFRS 15 accounting standards, it has not recognised ZAR 393 million in revenue for roaming services provided to Cell C for the six months to 30 June.

MTN Group chief financial officer Ralph Mupita said Cell C made “some payments” to MTN following the group’s interim reporting period. He elaborated in an interview on 08 August with Bruce Whitfield on Radio 702, saying that Cell C had paid its May and June invoices for roaming after the end of H1.

Cell C told TechCentral that it is “not able to comment on the financial accounting of these obligations by MTN”. Cell C has been roaming on MTN’s network in areas where it does not have coverage since October 2018, after it said it would terminate a similar arrangement with Vodacom.

Source: Telecompaper.com