Cell C Africa
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 Launches Its “Most Affordable” Broadband Bundle Yet
South African telecom Cell C has today announced the launch of what the company says is its “most affordable prepaid broadband bundle” at R45 for 2GB+2GB as part of the revamp of the popular Home Connecta Flexi bundle range. Cell C launched the innovative Home Connecta Flexi (HCF) in March 2021 as an LTE prepaid broadband solution for customers needing on-the-go internet access at affordable prices with no monthly commitment. Home Connecta Flexi has rapidly grown to over one million customers and was voted the Best Prepaid Broadband LTE product by MyBroadband in 2021, thus proving that Cell C is making headway in its journey to bridge the digital divide through competitive prepaid broadband offers. Simo Mkhize, CCO at Cell C says, “With the world becoming even more digital, connectivity an...
