Cell C to refinance R1.4 billion of its debt

Jamie McKane

MyBroadband Journalist
Super Moderator
Joined
Mar 2, 2016
Messages
3,552
#1
Cell C to refinance R1.4 billion of its debt

Cell C Pty Ltd. said it’s refinanced 1.4 billion rand ($100 million) of debt on better terms with loans from its biggest shareholder and a consortium of banks as the South African wireless carrier considers a listing in 2020.

South Africa’s third-largest operator is also in talks with vendors including Huawei Technologies Co. for an additional facility of 1.4 billion rand to fund capital expenditure, a company representative said by email in response to questions.

[Bloomberg]
 

Gameface777

Well-Known Member
Joined
Nov 11, 2016
Messages
123
#2
Well is suppose that with all of the negativity of late on their Networks they need to do something to keep their networks running smooth and keep the consumer happy, however predicting price hikes on Cell C is coming soon
 

marine1

Honorary Master
Joined
Sep 4, 2006
Messages
47,602
#3
Well is suppose that with all of the negativity of late on their Networks they need to do something to keep their networks running smooth and keep the consumer happy, however predicting price hikes on Cell C is coming soon
Hope not, if they do I will leave to go to Telkom then.
I will never go back to Vodacon though
 

Newsfeed

MyBroadband Newsfeed
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Jun 28, 2017
Messages
6,265
#6
Update: Cell C told MyBroadband that it was incorrectly reported by Bloomberg that Cell C refinanced R1.4 billion of debt with loans from Blue Label Telecoms and a consortium of banks.

Cell C confirmed that it has “concluded the refinancing of its R1.4 billion facility from Blue Label Telecoms with a consortium of local banks at an improved rate of interest in July 2018”.

This information is not new and was previously disclosed, said Cell C.
 

Swa

Honorary Master
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May 4, 2012
Messages
19,232
#7
Debt has always been an issue for Cell C. Not like the other 2 that have had a clean slate to work from.
 
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