Cell C signs EUR240 million China agreement

I was about to say the same thing. It looks like this article was Google Translate-d or something
 
Cell C have managed to find a cheaper financier in the form of a bank in China, and will be moving debt around shortly, and at the same time, it will become slightly more profitable.
 
davemc said:
Cell C have managed to find a cheaper financier in the form of a bank in China, and will be moving debt around shortly, and at the same time, it will become slightly more profitable.
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Oh....thats much better lol. *stops googling for cheap MBA courses* hehe
 
davemc said:
Cell C have managed to find a cheaper financier in the form of a bank in China, and will be moving debt around shortly, and at the same time, it will become slightly more profitable.
Click to expand...

I believe we have just found the perfect replacement for that "staff writer". :D
 
the first sentence does sound a bit dodgy... i still dont see why they prefer funding in foreign currency, all it takes is for the rand to go to 8 to the dollar and foreign funding will be more expensive, guess they have always been playing a risky game...

by the way does this speed up their 3g bundle launch?
 
Lol this is excellent for China more than it is for Cell C. The Chinese are taking over Africa even in tiny countries like Malawi, they are buying everything out and getting Africans to sign up loans. The same tactics used by Russians, US and of course the European power houses. This should help Cell C introduce some new stuff to us quicker but might have an ill-effect in the long-run, lets see how it goes.
 
because the arrangement is for a "facility" I suspect that it amounts to a line of credit with which cell C pays off all its other creditors and has access to cash if it needs it, as opposed to be a once off big loan. What this could mean is that cell C will have one major creditor who is abroad. Now SA has ownership requirements for individual ECN(S) licence holders, so the extent to which China can own cell C is limited however I doubt there is any problem being completely indebted to a single foreign bank, lets see cell C introduce a BBBEE share scheme similar to MTN but in reality the board empowered as it may be will still have to answer to the big chief and Trevor may ultimately be the China Entertainment Officer.
 
Paul Hjul said:
because the arrangement is for a "facility" I suspect that it amounts to a line of credit with which cell C pays off all its other creditors and has access to cash if it needs it, as opposed to be a once off big loan. What this could mean is that cell C will have one major creditor who is abroad. Now SA has ownership requirements for individual ECN(S) licence holders, so the extent to which China can own cell C is limited however I doubt there is any problem being completely indebted to a single foreign bank, lets see cell C introduce a BBBEE share scheme similar to MTN but in reality the board empowered as it may be will still have to answer to the big chief and Trevor may ultimately be the China Entertainment Officer.
Click to expand...

Hahaha... nice!
 
thats my guess. I might be wrong. Cell C might only be paying their most expensive (highest interest rate) debt off with cheaper debt from China and there may still be several creditors. The goal simply from C's perspective to reduce debt servicing costs and China banks want to be global players and show SA business that BRICK (K is either NKorea if you read into the fact that both JZ and K were in China in government meetings at the same time, or K*k which is what comes with the alliance) is really good for them.
 
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