Blue Label Telecoms cautioned shareholders on Monday that it remains in talks about a recapitalisation of mobile operator Cell C, in which it holds a 45% stake. The updated cautionary notice by the JSE-listed firm, which is required in terms of the bourse’s listing rules, comes after Blue Label said on 26 August that its wholly...
Mobile operator Cell C says it has implemented safety nets to caution the business from further losses through fraud, after haemorrhaging R130 million in the last eight years. Cell C is currently in court battling with former IT executive Mohamed Ismail Adamjee and others over fraud allegedly perpetrated by the group. Adamjee is alleged to have orchestrated...
Mobile operator Cell C has reported R2.36-billion in profit before tax, a huge turnaround in fortunes from the R10.69-billion loss it reported a year ago. Cell C disclosed the PBT figure to TechCentral on Thursday when its largest shareholder, Blue Label Telecoms, published full-year results for the period ending 31 May 2021. The Cell C PBT...
Mobile operator Cell C is scouting for a new head of its integral wholesale business. The unit is critical to Cell C’s growth strategy as the company seeks to consolidate its gains in the competitive telecoms sector. The new candidate will replace the late Cell C chief executive for wholesale Björn Flormann, who passed on...
Cell C has revealed that it has made significant progress in migrating its customers from its own RAN to the network of roaming partner MTN. As part of the project, Cell C will decommission its physical RAN, including towers, antennae, radio and transmission equipment, while MTN will provide a virtual RAN for Cell C’s clients. The cellco has switched off all network sites...
Cell C is in advanced talks with Rand Merchant Bank and Investec to provide it with about R4-billion rand in fresh capital, according to people familiar with the matter. South Africa’s fourth largest mobile phone provider, partly owned by Johannesburg-listed Blue Label Telecoms, is nearing the end of a recapitalisation plan to pay down debt, said...
Mobile operator Cell C says it has successfully decommissioned 34% of its physical radio access network (RAN). According to Cell C, it has “seamlessly” migrated its prepaid and mobile virtual network operator (MVNO) customers to roam solely on its partner network, MTN, via a virtual RAN. In this first phase, Cell C says the focus...
Cell C is transitioning into a digital lifestyle company, as it tries to fend off competition and remain competitive. The mobile operator says the evolution will make it more agile and able to hold off competition by taking a different approach, as its larger rivals are all heavily invested in infrastructure. Cell C today announced...
Cell C says it is ramping up its platform-based strategy as part of a new vision to transition into a digital solutions provider – as it moves away from being a traditional mobile network operator (MNO). The operator says as part of its turnaround strategy to create the “Cell C of the future”, it is...
Blue Label Telecoms, Cell C’s largest shareholder, remains confident the mobile operator will be saved and get fresh funding, but will not commit to timelines as to when this will happen. Cell C, which has been facing liquidity challenges, has been waiting for recapitalisation from shareholders for some time. Blue Label previously promised new money...
