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Cell C reports R540 million profit, reveals customer numbers

Cell C reports R540 million profit, reveals customer numbers

Mobile operator, Cell C, on Tuesday (14 March) released its financial results for the year ending December 2016, posting its first profit of R540 million.

Mobile - By Staff Writer | 14 March, 2017
MTN appoints new SA CEO

MTN appoints new SA CEO

The MTN Group has appointed Godfrey Motsa to the position of CEO of MTN SA with effect from 13 March 2017.

Mobile - By Staff Writer | 7 March, 2017
‘Cheap’ MTN a potential takeover target

‘Cheap’ MTN a potential takeover target

The Sunday Times reported that investment bankers are looking at MTN as a potential takeover target.

Mobile - By MyBroadband | 5 March, 2017
MTN reveals Smart Village acquisition price

MTN reveals Smart Village acquisition price

MTN acquired Smart Village for a cash consideration of R220 million and a deferred consideration of R12 million.

Mobile - By MyBroadband | 2 March, 2017
MTN shares advance 9% despite reporting first-ever annual loss

MTN shares advance 9% despite reporting first-ever annual loss

Africa’s biggest mobile-phone operator, MTN, saw its share price climb nearly 9% in morning trade on Thursday (2 March), despite reporting its first loss in more than 20-years.

Mobile - By Staff Writer | 2 March, 2017
MTN reboots after the most challenging year in its history

MTN reboots after the most challenging year in its history

Africa’s biggest mobile-phone operator, MTN, says it has launched a new transformation strategy – IGNITE – at its two biggest operations in South Africa and Nigeria, after ‘the most challenging year in the company’s 22-year history’.

Mobile - By Staff Writer | 2 March, 2017
Net1 offers R2 billion for 15% stake in Cell C

Net1 offers R2 billion for 15% stake in Cell C

Net1 today announced that it has agreed with Blue Label Telecoms to join as a party of the restructure agreement with Cell C and has offered to acquire a direct stake of 15% of the issued share capital of Cell C for a consideration of R2 billion.

Mobile - By Staff Writer | 1 March, 2017
Blue Label’s Cell C acquisition deal inches closer after Telkom scare

Blue Label’s Cell C acquisition deal inches closer after Telkom scare

Blue Label says it has entered into a ‘binding umbrella restructure agreement’ with Cell C, debt providers of the mobile operator, a third party investor and other relevant parties in order to ensure that its acquisition deal goes ahead.

Mobile - By Staff Writer | 27 February, 2017
Cell C’s BEE partner wants to scrap R5.5 billion Blue Label deal: report

Cell C’s BEE partner wants to scrap R5.5 billion Blue Label deal: report

Cell C’s black equity partner CellSAF has reportedly threatened to prevent the network operator’s deal with Blue Label Telecoms from going through.

Mobile - By MyBroadband | 27 February, 2017
Cell C walks away from Telkom talks, again

Cell C walks away from Telkom talks, again

Mobile operator Cell C says it is committed to its deal with Blue Label Telecoms, and is therefore “unable and not willing to pursue any discussion” with Telkom over an acquisition deal.

Mobile - By Staff Writer | 23 February, 2017
Uber partners with private security companies to improve driver safety

Uber partners with private security companies to improve driver safety

Uber South Africa says it has partnered with multiple security response services in an effort to further ensure the safety and security of its drivers.

Internet, Mobile - By Staff Writer | 22 February, 2017
One reason why Telkom buying Cell C is a win for you

One reason why Telkom buying Cell C is a win for you

Telkom buying Cell C would give government a significant presence in the mobile market, which could be leveraged to increase connectivity to all citizens, according to analysts Frost & Sullivan.

Mobile - By Gareth Vorster | 22 February, 2017
Telkom eyes Cell C purchase valued at R13 billion – report

Telkom eyes Cell C purchase valued at R13 billion – report

Bloomberg has reported that Telkom is considering a bid of $1 billion (around R13 billion) for Cell C, citing three people familiar with the matter.

Mobile - By MyBroadband | 22 February, 2017
MTN invests in car hailing platform Snapp

MTN invests in car hailing platform Snapp

The Iran Internet Group, a leading internet group in Iran with several million unique and paid transactions every month, has closed a new funding round led by MTN Irancell.

Mobile - By Staff Writer | 20 February, 2017
ShowMax and Vodacom launch new R49 per month internet TV service

ShowMax and Vodacom launch new R49 per month internet TV service

ShowMax has launched a new lower-priced service available exclusively to Vodacom customers on an add-to-bill basis.

Mobile - By Staff Writer | 9 February, 2017
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