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Cell C is in Such Bad Shape It’s Defaulting on Loans

Embattled mobile phone operator Cell C is facing significant liquidity constraints, a notice of retrenchment shows. Cell C is in the process of retrenching its...

Debt-Ridden Cell C Serves Retrenchment Notices to 2500 Employees

The Information Communication Technology Union (ICTU) said on Friday that Cell C has served retrenchment notices to all its staff members. ICTU is an affiliate...

Cell C is Still In Trouble, Reports a R4-bn Operating Loss

Struggling mobile phone operator Cell C, which destroyed shareholder value for JSE-listed firm Blue Label Telecoms, on Monday reported a R4 billion operating loss...

Blue Label Returns To Profit After Turbulent Years

JSE-listed technology group Blue Label Telecoms has returned to profit for the first time in years, buoyed by Cell C write down. The company has lost...

Cell C Sinks Deeper Into Trouble

Cell C, which is 45% owned by JSE-listed Blue Label Telecoms, appears to be sinking deeper into trouble. The struggling mobile operator has defaulted on...

Controversial JSE-Listed Net 1 Sells South Korea Business For R3.4bn

Controversial JSE-Listed Net 1, the company behind Cash Paymaster Services that used to run SA’s social grant payment system, is selling its South Korean...

Blue Label Expects Cell C’s Writedown To Boost Earnings

Blue Label Telecoms expects its earnings for the six months ended 30 November 2019 to increase by at least 20%. The company informed investors on...

Battered Cell C Rejects Telkom’s Takeover Offer Again

Troubled Cell C has once again pushed back against efforts by Telkom to buy it, as its board sent a letter bluntly telling the...

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