Cell C posts R3.9-billion loss

[Jamie McKane]

Cell C posts R3.9-billion loss

Cell C has released its annual results for the year ending December 2019, reflecting a net loss after tax of R3.94 billion for the period.

The net loss after tax includes non-cash impairments to the value of R3.28 billion.

 

[Creag]

Death spiral, financially speaking.

 

[Baise]

How do you get to 3.9 Billion loss.
Surely when you break the 100 million mark you pull the plug ????

 

[Gaz{M}]

How do you get to 3.9 Billion loss.
Surely when you break the 100 million mark you pull the plug ????

Debt. Like you would borrow from a credit card. You can spend more than you make in a month.

 

[|tera|]

Damn. Guess this answers my question here:

Cell C is winding down its RAN

Cell C is winding down its RAN Cell C is winding down its radio access network as its expanded roaming agreement with MTN allows it to leverage the bigger operator's infrastructure. This is according to CEO Douglas Craigie Stevenson, who said that the move was necessary to improve the...

mybroadband.co.za

That's insane. Close the shop already.
Edit: spelling