Cell C, South Africa’s third-biggest mobile operator is resorting to putting some assets up for sale. The company is struggling with R9-billion debt and worsening losses.
The dominance of Vodacom and MTN has put pressure on Cell C over the years. In 2016, it was on the brink of collapse and was rescued by Blue Label Telecoms.
According to reports, the announcement of the sale has attracted interest from Telkom, MTN and Vodacom.
Cell C’s fibre-optic network and wireless frequencies are some of the assets up for sale. These are potentially good buys for mobile operators looking to widen their fibre offerings.
In other news – South African female comedians are on the rise
Despite the focus on male comedians across the globe, colourful vlogger SuzelleDIY believes things are progressing, especially in SA. The explosion of South Africa’s comedy scene over the past few years has had us locals both bursting with pride and lots of laughs.
Dillon Khan, vice-president of Comedy Central and creative services at Viacom International Media Networks Africa, said: “South Africa’s comedy culture is growing from strength to strength. The country is hungry for comedy and, over the past decade, there’s been a boom in diverse new talent, which is attracting a wider audience. Read more
Source: eNCA
