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Cell C defaults on interest payments

Wednesday 29 January 2020 | 09:42 CET | News
South African operator Cell C announced that it has defaulted on the payment of interest on its ZAR 2.7 billion loan, which was due in December 2019. In a statement, shareholder Blue Label said Cell C has also defaulted on interest and capital repayments related to bilateral loan facilities with Nedbank, China Development Bank, Development Bank of Southern Africa, and the Industrial and Commercial Bank of China which were due in January. 

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Categories: Mobile & Wireless
Companies: Cell C
Countries: South Africa
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