Cell C is insolvent

[Bradley Prior]

Cell C is insolvent
Cell C released its latest financial results this week, which revealed that the mobile operator remains hopelessly insolvent despite the recapitalisation in September 2022.

 

[PaulGherkin]

We all know this, obviaaaaas

 

[OCP]

I still don't understand how they have managed to keep operating all these years.

 

[PaulGherkin]

I still don't understand how they have managed to keep operating all these years.

Stupid rich people pumping cash in. Brett and Mark Levy come to mind.

 

[Zukat]

Didnt they recently say they dont want prepaid customers on their network... ok then

 

[JAD082]

Because they got into bed with ZTE/China… That is the modus operandi of China.

 

[epah]

@rh1 But i thought you said they were making millions?

 

[Shadowchaser1]

From an outsider's perspective, how are they allowed to do business? WTH would you pump in cash?

 

[rh1]

@rh1 But i thought you said they were making millions?

Me, surely not, I am a mybb certified expert financial advisor, not a mybb certified expert financial analyst.

 

[Ockie]

If Cell C were to close down or be bought by another operator I wonder what would happen to all the VMNO's that run on Cell C?

 

[BBSA]

If Cell C were to close down or be bought by another operator I wonder what would happen to all the VMNO's that run on Cell C?

Probably will move to MTN, FNB is already looking at them:

FNB Connect to run on MTN’s network

First National Bank and MTN have announced a “strategic network collaboration”.

mybroadband.co.za

 

[upup]

I remember it as a bEE company. So another anc success bEE story.

 

[ToxicBunny]

The fact that they hide discounted data deals on their website is one of the reasons why they don't make money. Some data deals are more expensive than other networks and their network performance and reception has gotten worse.

Nah.. They don't make money cos they're shyte and made fscking stupid business decisions.

 

[Yskasmetnstoof]

Your connections drop like flies and break up like an ANC congress and people are going to throw the sim card away and get a red or yellow or blue one.

 

[6spdmanual]

As a Cell C customer, this is great news.

 

[noxibox]

I remember it as a bEE company. So another anc success bEE story.

Vodacom and MTN are also BEE compliant. They typically require their suppliers to be as well.

 

[marine1]

I punted them for years, supported them over Vodascum, but their product is ****, hardly ever signal and data speeds are shocking

 

[JuliusSeizure]

Been using them for almost ten years now. Their prepaid long-term data deals are pretty good.

 

[elf_lord_ZC5]

My Wife lives them, be buggered if I understand why, but yeah, she is happy ... so ja