Analysts warn of Cell C strain due to prolonged recap deal
As the telco’s biggest shareholder renews its recapitalisation caution, industry watchers consider the impact of the prolonged refinancing discussions.
Cell C tightens screws after losing R130m through fraud
The company’s management implements a business turnaround plan that it says includes robust governance processes to improve fraud prevention.
Airtime purchase deal with Investec, First Rand to refinance Cell C
Blue Label Telecoms advises shareholders there is silver lining for Cell C, after the conclusion of an airtime purchase deal with Investec and First Rand Bank.
Blue Label confident of Cell C recap, but no timelines
Cell C’s largest shareholder says the mobile operator will be saved and get fresh funding, but will not commit to timelines as to when this will happen.
Blue Label expects positive turn in six-month results
The telco credits the disposal of its shareholding in its Mexico business for impacting financials positively.
Cell C records R7.5bn loss, prepaid subscriber base plunges 34%
The telco remains optimistic despite the losses, saying it’s focused on restructuring the balance sheet and optimising the business for long-term competitiveness.
Court grants Blue Label interdict against labour union
The court interdicts the union from breaking into Blue Label’s offices, damaging property, intimidating and threatening customers on the premises.
Political party demands Cell C halt retrenchments
African Democratic Change will march to Cell C head office on Tuesday, demanding that all staff already retrenched be reinstated immediately.
Cell C’s recap lifeline close, says shareholder Blue Label
The largest shareholder of Cell C says the telco will be recapped this year, as the key partners have made inroads in negotiating the funding deal.
FNB Connect awaits stability at Cell C to scale
The bank wants stability at the financially-constrained telco in order to fully grow its mobile virtual network business.
Blue Label back in the black as Cell C pain thaws
After the Cell C write-down, the company returns to profitability following two consecutive years of loss.