Relations between Cell C and its soon-to-be-former client Huge Group have reached rock bottom, with the former claiming it’s owed R60-million by the latter and the latter saying it’s actually the one that’s owed money “morally”. The two parties have now entered a second phase of arbitration to resolve the acrimonious dispute, with both sides accusing...
Blue Label Telecom has provided an update on Cell C’s turnaround strategy, which revealed that Cell C has lost nearly a third of its subscribers between June 2019 and May 2020. While this big reduction in subscribers may concern some investors, Blue Label Telecom highlighted that it did not have a significant impact on service...
A jobs bloodbath is expected at debt-saddled mobile operator Cell C, after it announced it is closing down 130 stores across the country as financial pressure continues to ravage the company. The telco says it is reviewing its operating model and organisational structure to address inefficiencies. Cell C has since initiated a Section 189 process,...
MTN will migrate all of Cell C’s network traffic onto its own radio network once the mobile operator has completed its recapitalisation. The company confirmed the migration in its interim results for the six months ended 30 June 2020, stating that the current arrangement “envisages a three-year transition towards a full national roaming arrangement under which MTN...
Cell C said on Tuesday that it is making “good process” in what it calls a “complex recapitalisation” aimed at ensuring the financially troubled mobile operator survives the debt noose around its neck. Discussions to seek alignment among all stakeholders are being held and term sheets must still be concluded, the operator said in a statement....
Despite regular reports of fraudulent subscriptions and incorrectly-debited airtime balances, major South African mobile operators continue to allow Wireless Application Service Provider (WASP) billing on their networks by default. A recent industry investigation found that airtime theft was occurring on a mass scale from Vodacom’s prepaid customers, with fraudsters using a gateway developed by the mobile operator...
Cell C’s planned recapitalisation remains the subject of discussions with potential investors, despite a plan, announced last month, to retrench almost 40% of the mobile operator’s workforce. The company had been expected to announce the details of the recap at the end of June (after previously saying it expected to do so by the end of...
Cell C has begun a consultation process under the Labour Relations Act that is likely to result in 960 employees — or almost 40% of the company’s workforce of 2 500 people — being retrenched. TechCentral has learnt that the financially troubled mobile operator informed its staff of the plan on Friday morning. It comes ahead...
Cell C has appointed Simo Mkhize as its new chief commercial officer (CCO) effective from 1 April 2020. Mkhize has worked in the telecommunications industry across a variety of organisations in South Africa, other African countries, and Europe. “His career of 23 years in the Telecoms industry, which includes about 5 years at Cell C...
Cell C CEO Douglas Craigie Stevenson has outlined the company’s turnaround plan and reflected on the previous business model following its financial results for the year ended 31 December 2019 being released. In its results presentation, Cell C reflected a net loss after tax of R3.94 billion, although its turnaround strategy saw it improve its financial position...
