Existential Cell C debt vote meeting postponed

[Jan]

Crucial Cell C meeting postponed after curious punctuality problem

A meeting for Cell C's priority creditors to vote on whether they will take an 80% haircut on their debt to facilitate the operator's recapitalisation plan has been postponed.

Cell C has not been able to pay its debts, and should the recapitalisation not succeed it is not expected to survive.

 

[Alexander the Straight]

Can't pay its debts but plans to launch 5g?....sounds like a plan

 

[Space]

so why is the crucial meeting Existential ?

Did Jan have some thesaurus for breakfast ?

 

[Space]

would rather say goodbye to Cell C than Comair/Kulula/British

 

[Virex]

Why does the guy from Cell C that is always pictured in articles look like if you only have R20 left in your wallet, then he'll take that from you as well.

 

[RudderVator]

would rather say goodbye to Cell C than Comair/Kulula/British

Honestly.

Blue Label Telecom’s the same bunch running UniPin sucking 8% off prepaid power purchases just to issue a prepaid token and do squat

 

[RonSwanson]

Punctuality is curious?

Ah! I forgot! Africa.

 

[Cius]

I think the writing has been on the wall for some time with Cell C. Let it die already.

 

[Galactica]

Sad

 

[CPTBoy]

I wonder what will happen to all the customers when / if they fold. Will one of the other operators buy the subscriptions over?