Cell C
Cell C’s Recapitalisation Finally Concludes: The Details
Blue Label Telecoms, together with various subsidiaries, has today concluded binding long-form agreements with Cell C and various Cell C financial stakeholders, including different shareholders and creditors to complete the recapitalisation of the struggling South African telecom. In terms of the deal, Cell C will be restructured and refinanced with the purpose of deleveraging its balance sheet, providing it with liquidity with which to operate and grow its businesses and position itself to achieve long-term success for the benefit of its customers, employees, creditors, shareholders and its other stakeholders. Cell C has implemented a turnaround strategy, focusing on operational efficiencies, reducing operational expenditure and optimising traffic. This includes a significant reduction in...
South Africa’s Cell C Continues to Bleed Money, Reports Main Stakeholder
One of South Africa’s largest telecoms, Cell C, made a loss of nearly $150-million between 1 June 2021 and 31 May 2022, according to a report from Blue Label Telecoms, which bought a 45% stake in the company in 2017. In a statement released last year, Cell C CEO Douglas Craigie Stevenson said that Cell C’s financial performance had improved, making a net profit of $9.8-million, and the business was making “good progress on the implementation of our new business model and the introduction of new products to market.” Cell C also said it had grown its subscribers from 11.7-million in H1 2020 to 13 million by the end of 2021. But despite its growth in users it continued to post losses in revenues. At that time the company said that the contract and broadband revenue decreases were in line with...
Cell C Offers Free Data Bundles to Those Affected by Load Shedding
South African telecom Cell C has launched a new solution to help its prepaid customers claim some of the data they may have lost during the country’s ongoing rotational blackouts, either as a result of inability to access data due to power outages or limited network access due to unpowered towers. The offers are free to customers who make purchases from 150MB of mobile data across qualifying bundles and can be claimed on *147#. These bundles are not available for purchase and are available to prepaid customers only. Offers are for either social or streaming mobile data that can be claimed within three days from date of purchase of a Cell C data bundle. The bundles can be claimed 24/7 even when loadshedding is suspended. “Cell C understands the frustration customers experience when loadshed...
4 Important Things You Need to Know About ICASA’s Auction Tomorrow
After several years of delays, cancellations, court cases and the setting of further and further deadlines, the Independent Communications Authority of South Africa (ICASA) is finally set to auction access to SA’s much-coveted spectrum for mobile broadband services. Two auctions will be held – one on 8 March and another on 10 March. The second auction is considered the “main” auction. Here are 4 things you need to know about tomorrow’s ICASA auction: The Opt-In Phase Auction The first highly-anticipated auction will be held on Tuesday 8 March with every big name telecom in the country lining up to take a seat at the table. For the last several weeks, ICASA has conducted mock auctions and a bidder seminar to ensure that potential participants are comfortable with the bidding process. Accord...
SA’s 4 Fastest Mobile Internet Operators Ranked in 2022
Internet and connectivity speed tester Ookla has released its market analysis for South Africa, ranking the country’s fastest mobile internet operators. The analysis only takes into account top mobile operators in the country, ones which account for 3% or more of total test samples in the market in Q4 2021 – smaller providers are not tested, and thus are not included in the rankings. All operators are ranked based on their Speed Score, which incorporates a measure of each provider’s download and upload speed to rank network performance (90% of the final Speed Score is attributed to download speed and the remaining 10% to upload speed because online experiences are typically more affected by download speed). Ookla places the most emphasis on the median speeds as those represent what most mo...
Check Out Cell C’s Latest “Day-By-Day” Data Bundles
Image sourced from Town Press Cell C has launched new Day-by-Day data bundles that offer their customers the convenience of a bundle that automatically allocates new data each day. Simo Mkhize, CCO at Cell C South Africa says, “The bundles offer the benefit of a once-off upfront payment and daily data allocation gives our customers a sense of control and peace of mind that they won’t use up their whole bundle earlier than planned.” The new Cell C Day-by-Day bundles have launched with three competitive bundles ranging from seven to 30 days in validity and are available to prepaid, top-up and post-paid customers. The three new bundles that may be purchased by dialling *147# are detailed in the table below: Total Data (GB) Daily Allocation Number of Days Validity Price 7GB 1GB 7 Days Each day...
A Price Has Been Set for MTN’s IHS Tower Deal – Here Are The Details
Sourced from PC Mag After a lengthly competitive process, the MTN Group has announced that its South African arm has finalised a passive tower infrastructure transaction with IHS Towers. The transaction will entail the sale and leaseback of 5,709 of MTN SA’s towers – comprising approximately 4,000 greenfield and 1,700 rooftop sites. The transaction will also include the outsourcing of power and related services (power as a service, or PaaS) across the entire MTN SA site footprint of approximately 12,800 – thus incorporating an additional 7,100 third-party sites. MTN says that one of the key goals of the transaction has been to achieve an “OpCo-friendly” outcome, which, amongst others, aims to ensure: A limited financial impact on MTN SA’s current running cost versus leaseback costs, improv...
Has Cell C Started Bouncing Back After an Abysmal 2020?
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Cell C Slashes Data Prices – 3GB for R85
Image sourced from Town Press Cell C has announced changes to its 30-day data bundles, dropping prices for several bundles and introducing a few new ones. The enhanced data bundles will not only see a reduction in price but an increase in some of the allocated data on certain bundles purchased. The updated price changes will give Cell C customers extra data for less, offering them more value for their money. See the full list of changes below: Customers will now be able to purchase a 1GB 30-day bundle for R85, but that’s not all, Cell C is also giving away an extra 1GB of nite data for free on all 1GB 30-day data bundles. Customers walk away with 2GB for R85. Cell C is also giving away an extra 1GB of any time data when customers buy the 1GB 30-day data bundle on the Cell C App or portal, ...
Top 5 Best Telecom Networks in SA Ranked
Sourced from the Guardian Nigeria. MyBroadband Insights has released its Q3 Mobile Network Quality Report, which shows the network quality of several of South Africa’s top telecoms gauged by a number of factors, including download and upload speeds, and latency. The report is based on results recorded between 1 July 2021 and 30 September 2021. The download speed (60%), upload speed (20%), and latency (20%) are used to calculate a Network Quality Score. Over 300,000 samples were collected from 10,530 unique users. The Network Quality Score out of 10 then shows how a network performed in relation to other networks. Here are the Top 5 Best Telecom Networks in SA Ranked by Network Quality: Rain – Network Quality Score: 3.42 Download Speed: 10.86Mbps Upload Speed: 8.78Mbps Latency: 34 Cell C – ...
4 Fastest Mobile Internet Operators in South Africa Ranked
Internet and connectivity speed tester Ookla last month released its market analysis for South Africa, ranking the country’s fastest mobile internet operators. The analysis only takes into account top mobile operators in the country, ones which account for 3% or more of total test samples in the market in Q2 2021 – smaller providers are not tested, and thus are not included in the rankings. All operators are ranked based on their Speed Score, which incorporates a measure of each provider’s download and upload speed to rank network performance (90% of the final Speed Score is attributed to download speed and the remaining 10% to upload speed because online experiences are typically more affected by download speed). Ookla places the most emphasis on the median speeds as those represent what ...
Cell C Reports R5.5 Billion Loss
Image sourced from Town Press Cell C has reported a loss of R5.5 billion after tax following the announcement of its annual financial performance for the 12 months ending December 2020. The telco revealed that total revenue was down by 8% to R13.8-billion (2019: R15.1-billion), with the largest part of the revenue contribution from its prepaid base at R6.2-billion (2019: R6.9-billion). CFO of Cell C, Zaf Mahomed believes that even though the telco made a full-year loss, the latter six months of 2020 was encouraging as it had shown a R2.1 billion profit in the second half. Mahomed says “our results reflect a business in transition. We are starting to see the impact of our changes which included a focus on more profitable subscribers and through the reduction in costs a shift to revenue-gene...
