cell c south africa
Cell C Reports R7.5 Billion Loss
Image sourced from Town Press Cell C has released its interim results for the six months to June 2020. This inside look at the telco shows that it made a R7.5 billion net loss after tax. This loss, according to a report by My Broadband, was due to a number of ‘once-off costs’, and also reflects impairments to the value of R5 billion. Normalised earnings showed a 64% improvement to R1.8-billion, reflecting the overall impact of the new management team’s strategic focus on optimising its network as well as its emphasis on more profitable customers. However, overall revenue was at R6.9-billion compared to the six months of the previous year (2019: R7.4-billion). More than 89% of its revenue comes from service revenue which was 6% lower at R6.5-billion, while hybrid and Fibre-to-Home saw an in...
Cell C and Facebook Launch Public WiFi Hotspots in SA
Image sourced from Town Press Cell C and Facebook have partnered with the Saldanha Bay Municipality (SBM) in the Western Cape of South Africa to launch express public access hotspots – part of a plan to roll out Wi-Fi hotspots across the country. The move is said to be part of an ongoing initiative by Cell C to deploy free WiFi hotspots to marginalised communities, students and anyone in need of free, reliable connectivity. The Saldanha Bay Municipality is the second Municipality to make its infrastructure available to the Programme, after The City of Cape Town. “We are currently rolling out to all the technical and vocational education and training (TVET) colleges in the metro, and looking for new opportunities that are aligned to the Municipal Model,” says Schalk Visser, Cell C’s CT...
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...
MTN Ranked as South Africa’s Best Network during Lockdown
Image sourced from Pinterest. MTN has been named as the best mobile network in South Africa during lockdown – a title awarded by MyBroadband in their lastest insights report. The report is based on 278,890 speed tests which were performed by thousands of Speed Test App users across the country between 1 April and 30 June 2020. The research shows that South Africa had an average mobile download speed of 27.13Mbps and an average upload speed of 10.53Mbps. Telecoms and Lockdown During the lockdown, there was pressure on mobile networks to maintain good service levels amidst the increased demand for data. The higher data traffic, which increased by up to 50%, would typically result in a decrease in network speeds. However, this was not the case thanks to the temporary spectrum issued by ICASA ...
MTN, Cell C and rain Zero-rate Education Programmes for Youth
Major telecommunications companies MTN, Cell C and rain have zero-rated the OLICO Maths Education Programme which provides puzzles and problem-solving activities, competitions, games and weekly challenges to keep learners busy, connected and engaged. This decision followed the closure of schools in the COVID-19 pandemic’s local lockdown restrictions, which compounded learning challenges even further for the notoriously under-resourced youth in some of South Africa’s largest townships. Launched in 2008, the OLICO Maths Education Programme has provided effective and increasingly popular after-school tutoring and training in Alexandra, Diepsloot, Bosmont, Dunoon and Heideveld, and partners using OLICO maths content are working in Soweto, Ivory Park, Khayelitsha, Gugulethu and deep-rural Easte...
Competition Commission Approves Cell C Recapitalisation
Image sourced from Town Press The Competition Commission announced that the proposed acquisition of Cell C assets by Gatsby SPV has been conditionally approved. “The Commission has recommended to the Competition Tribunal to conditionally approve the proposed transaction in which Gatsby SPV intends to acquire certain assets of the mobile network operator, Cell C,” the Commission in an official statement. Weekly Media Statement : @CompComSA gives #CellC deal a conditional approval pic.twitter.com/LjfWtDAlvs — CompComSA (@CompComSA) May 21, 2020 “The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets – further found that the proposed transaction does not raise any other public interest concerns,”...
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