Cell C outlines turnaround strategy

Friday 7 February 2020 | 10:44 CET | News
South African operator Cell C has released its latest turnaround plans. CEO Douglas Craigie Stevenson said the company has been faced massive obstacles due to "a misguided business strategy", a recapitalisation in 2017 which burdened the business with unsustainable debt, poor decision making, and bad governance. Stevenson said the strategy focuses on ensuring operational efficiencies, restructuring the balance sheet, implementing a revised network strategy, and improving overall liquidity. 

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