Cell C’s subscriber base exceeds 3 million
This represents an 18.5% increase from a reported 2.7 million customers as of end-September 2005.
Cell C, South Africa’s third licensed cellular operator which is majority-owned by Saudi Arabia’s Oger Telecom, had approximately 670,000 post-paid subscribers, while pre-paid subscribers increased to 2.53 million as of year-end.
Cell C was launched in November 2001 and has subsequently rolled out over 2,000 base stations across the country.
It now carries over 80% of its own traffic.
On Tuesday rival cell phone group Vodacom, which is 50% owned by Telkom (TKG), announced a 12.4% increase in its subscriber base for the three months to end-December 2005 to 21.5 million customers.
This spanned South Africa, Tanzania, Mozambique, Lesotho and the DRC.
Cell C has been engaged in discussions on a joint venture service with UK-based Virgin Mobile in the past few months.
The company posted 54% increase in earnings before interest, tax, deprecation and amortisation to 134.5 million rand in the third quarter of its financial year to end-September.
Total revenue for the quarter came in at 1.422 billion rand, a 35% rise on year-earlier levels.
Inet-Bridge
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