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

Gugu Lourie - 0
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...
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Boardroom Games

Debt-Ridden Cell C Serves Retrenchment Notices to 2500 Employees

Gugu Lourie - 4
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...
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Boardroom Games

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

Gugu Lourie - 0
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...
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Breaking News

Blue Label Returns To Profit After Turbulent Years

Gugu Lourie - 0
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...
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Boardroom Games

Cell C Sinks Deeper Into Trouble

Gugu Lourie - 0
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...
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Boardroom Games

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

Staff Writer - 0
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...
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Boardroom Games

Blue Label Expects Cell C’s Writedown To Boost Earnings

Gugu Lourie - 0
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...
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Boardroom Games

Battered Cell C Rejects Telkom’s Takeover Offer Again

Gugu Lourie - 0
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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