Cell C remains technically insolvent

[Jan]

Cell C still has massive financial problems

Cell C released its latest financial results last week, revealing that it remains technically insolvent following the Blue Label Telecoms recapitalisation deal.

On 22 September, Blue Label concluded a deal to restructure and refinance Cell C and reduce its debt to give the mobile operator a healthier balance sheet.

 

[Cius]

Cue flushing noise of investors money going down the toilet.

 

[freematrix]

My word their finances sound horrible. Its sounds like they committed and cant turn back but just bleeding.

 

[HartsockZA]

Yea I keep getting phone calls for apparent debt

 

[HartsockZA]

Not to mention I have been getting spam calls none stop from their blasted call center poor truecaller can't keep up