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Beleaguered mobile operator Cell C delivered its latest restructuring proposal to creditors in early October, said two people familiar with the matter. The highly leveraged company fell into default in July last year, after failing to pay interest on various bilateral loans. Under the terms of the proposed transaction, existing airtime lenders will provide about R4.25-billion...

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Mobile operator Cell C has net debt, excluding leases, on its balance sheet (prior to a planned recapitalisation) of almost R10-billion, but it still wants to participate in South Africa’s upcoming spectrum auction. That’s according to CEO Douglas Craigie Stevenson, who said in an interview with TechCentral on Tuesday following the publication of the company’s interim...

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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...