Cell c news
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...
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...
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...
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, ...
Cell C Appointed as Preferred Service Provider to South African Government
Image sourced from Town Press Cell C has been appointed as one of the preferred service providers to the South African Government for the delivery of mobile communication services. This is for the period 1 April 2021 to 31 March 2026. The mobile communication services contract is known as RT15-2021 and was previously held exclusively by Vodacom for a five-year period. “This award marks a significant milestone for Cell C and is testament to our understanding of the needs of government and tailoring innovative solutions that matter to them, with extra value,” says Douglas Craigie Stevenson, CEO of Cell C. “It reflects the confidence in our brand and the tenacity of the company. I’m extremely proud of the effort our team put into Cell C’s proposal.” In awarding the tender the National Treasur...
Cell C has Started to Migrate Subscribers off its Network
Image sourced from Town Press Cell C has started migrating its customers to MTN’s cellphone tower infrastructure while it prepares to decommission its own towers. “Our strategic vision is to differentiate ourselves by focusing on innovative products and services without being owners of capital-intensive infrastructure. This creates more flexibility and capacity to deliver the right quality of service to our current and future customers,” says Cell C CEO, Douglas Craigie Stevenson. “Cell C is pioneering the evolution of the MNO space in South Africa by becoming a significant wholesale buyer of network capacity and infrastructure services. It is a win-win as the individual operators deliver segmental expertise to the benefit of everyone in the industry.” In response to a vastly changed busin...
Cell C Joins #SavingTheClassOf2020 Project
Image sourced from Town Press As the fourth industrial revolution becomes reality on a global scale, the need for learners to master STEM (Science, Technology, Engineering and Mathematics) subjects has never been more important. According to STEMblogSA, this revolution will create more jobs than technology displaces, but STEM skills will be more critical than ever, given that between 65% and 85% of jobs that will exist in the future, currently do not exist. STEM subjects don’t just equip learners with know-how about how jobs in the future will work, it teaches them critical and creative thinking to navigate this space. In South Africa, the importance of STEM education is vital. The country lags behind a lot of other nations in the world in equipping its youth with STEM knowledge; in 2019, ...
Cell C Makes Changes to Board
Image sourced from Town Press Cell C has appointed David Shimkins to its board, as one of the shareholder representatives for Net1. Shimkins will replace Paul Edwards with immediate effect. In line with Cell C’s shareholder agreement, Net1 can appoint two directors to the board. The Net1 representatives will be Alex Smith and David Shimkins. Net1 recently made these changes to its board. Shimkins is said to be a highly proficient deal executive with a deep knowledge of debt and capital markets and experience across a variety of industry sectors. He is the founder of Nitinol Capital, a company that invests in and facilitates alternative debt and equity transactions. Prior to this, he was a partner at Calculus Capital and Capital Investment Advisory and also held positions at Grin...
Cell C Introduces New 30-Day Data-Bundles
Image sourced from Town Press Cell C has dropped the price for its 30-Day data bundles and has introduced new bundles too. This new range of options from as low as R5 for 15MB to R95 for 1GB in anytime data plus 1GB nite data. The South African telecom provider also notes that customers stand to gain an extra 1GB of anytime data when they purchase the R95 bundle from the Cell C App resulting in a total of 3GB worth of data. The new pricing structure can be seen below: PRICE DATA NITE DATA R10 40MB R15 80MB R35 150MB R49 325MB R80 800MB R95 1GB 1GB “At this time it is more vital than ever that South Africans are able to stay connected with one another,” says Cell C’s COO, Simo Mkhize. “As a consumer-centric organisation, Cell C has always had the needs of its customers at the forefront of o...
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