{"id":14130,"date":"2012-05-31T10:01:57","date_gmt":"2012-05-31T08:01:57","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=14130"},"modified":"2012-05-31T11:44:31","modified_gmt":"2012-05-31T09:44:31","slug":"r1-5-billion-cell-c-funding-to-boost-new-products","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/14130\/r1-5-billion-cell-c-funding-to-boost-new-products\/","title":{"rendered":"R1.5bn Cell C funding to boost new products"},"content":{"rendered":"<p><a title=\"Cell C\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1641-Cell-C\">Cell C<\/a> CEO <a title=\"Alan Knott-Craig (Senior)\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1642-Alan-Knott-Craig-%28Senior%29\">Alan Knott-Craig<\/a> said that he will use <a title=\"Oger Telecom\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/3055-Oger-Telecom\">Oger Telecom\u2019s<\/a> R1.5 billion in new funding to support the company\u2019s growth plans, which includes he funding of new products and enhancing the quality and coverage of Cell C&#8217;s network.<\/p>\n<p>On 24 May 2012 Cell C announced that its majority shareholder, Dubai-based Oger Telecom is currently injecting US$180 million (about R1.5 billion) as equity into the company.<\/p>\n<p>Over the last few weeks Cell C has launched numerous innovative products, including a 99c per minute prepaid product and a new least cost routing service called <a title=\"LCR - Least Cost Routing\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/2557-LCR-Least-Cost-Routing\">LCR<\/a> Anynet aimed at wholesale clients.<\/p>\n<p>On Wednesday, the group said it may retrench 150 employees.\u00a0Cell C has 1,288 permanent and fixed-term employees.<\/p>\n<p><strong>Related articles<\/strong><\/p>\n<p><a title=\"Cell C to receive $180-million equity injection\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/13524\/cell-c-to-receive-180-million-equity-injection\/\"><strong>Cell C to receive $180-million equity injection<\/strong><\/a><\/p>\n<p><a title=\"Cell C slashes prepaid voice and data prices\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/12641\/cell-c-slashes-prepaid-voice-and-data-prices\/\" target=\"_blank\"><strong>Cell C slashes prepaid voice and data prices<\/strong><\/a><\/p>\n<p><a title=\"Vodacom cuts prepaid call rates\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/12657\/vodacom-cuts-prepaid-call-rates\/\" target=\"_blank\"><strong>Vodacom cuts prepaid call rates<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cell C CEO Alan Knott-Craig said that he will use Oger Telecom\u2019s R1.5 billion in new funding to support the company\u2019s growth plans<\/p>\n","protected":false},"author":2,"featured_media":3245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[43,42,26,1186],"class_list":["post-14130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-alan-knott-craig","tag-cell-c","tag-headline","tag-oger-telecom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/14130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=14130"}],"version-history":[{"count":11,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/14130\/revisions"}],"predecessor-version":[{"id":14166,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/14130\/revisions\/14166"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/3245"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=14130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=14130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=14130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}