0
Wireless

Cell C service revenues fall 6% in H1, EBIT turns negative on writedowns

Tuesday 20 October 2020 | 14:08 CET | News
South African operator Cell C said revenues for the first half slipped to ZAR 6.9 billion from 7.4 billion the year before. Over 89 percent of revenues came from service revenue, off 6 percent to ZAR 6.5 billion. Revenues from hybrid and FTTH increased 16.7 percent and 11.1 percent, respectively. While revenue from the wholesale business reflected a 7 percent decline due to an exit from wholesale agreements which diluted margins and congested the network, the MVNO portion continued to reflect a solid growth and delivered an 18 percent increase to ZAR 398 million. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Cell C / MTN
Countries: South Africa
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Virgin Mobile South Africa enters business rescue because of Covid-19

Published 09 Nov 2020 10:54 CET | South Africa
Virgin Mobile South Africa, the MVNO that runs on Cell C's network, has entered business rescue, MyBroadband reported. Virgin ...

Cell C tells mobile broadband hearing it wants reasonable roaming discounts

Published 28 Oct 2020 14:56 CET | South Africa
Cell C says it wants network roaming agreements with reasonable discounts to form part of pro-competitive remedies aimed at ...

Weekly news summary: DoJ vs Google, more IPOs, Quibi quits while Salto launches

Published 26 Oct 2020 10:53 CET | World
Last week's news saw the US justice department bring charges against Google for abusing its dominant market position. In other ...

Cell C goes ahead with redundancies after court victory

Published 12 Oct 2020 14:57 CET | South Africa
South African operator Cell C says it will proceed with redundancies as planned after the Johannesburg Labour Court threw out an ...

Cell C announces new Net1 representative for board

Published 16 Sep 2020 09:45 CET | South Africa
South African operator Cell C has announced that David Shimkins of Net1 has been appointed to its board, replacing Paul Edwards ...

Blue Label expects Cell C recapitalisation deal before year-end

Published 28 Aug 2020 09:46 CET | South Africa
Blue Label Telecoms has successfully turned around its earnings for the year ended 31 May as Cell C's recapitalisation ...

Cell C to close down 130 stores amid financial pressure, warns of potential job losses

Published 24 Aug 2020 10:39 CET | South Africa
South African mobile operator Cell C has announced that it is closing down 130 stores across the country as financial pressure ...

Cell C defaults on debt payment again

Published 05 Aug 2020 10:43 CET | South Africa
South African operator Cell C has once again failed to service its debt. Its biggest shareholder, Blue Label, has notified the ...

Cell C plans to lay off 960 workers as it streamlines operations

Published 24 Jun 2020 10:11 CET | South Africa
South African operator Cell C said it plans to lay off 960 workers as it restructures with a new operating model, Reuters ...

Cell C appoints Mkhize as new CCO

Published 07 Apr 2020 09:53 CET | South Africa
South African operator Cell C has appointed Simo Mkhize as its new chief commercial officer (CCO) effective from 1 April. He ...

MTN South Africa signs expanded network deal with Cell C

Published 18 Nov 2019 10:34 CET | South Africa
South African operator Cell C and MTN have signed an expanded roaming agreement under which Cell C will reduce its expenditure on ...

Cell C and Telkom confirm tie-up discussions

Published 18 Nov 2019 09:36 CET | South Africa
South African operator Cell C says it is discussing various proposals, including a non-binding offer from Telkom, with ...





Calendar   /   Industry Events

24 Nov Analog Devices fiscal Q4
24 Nov VMware fiscal Q3
24 Nov Dell Technologies fiscal Q3
24 Nov Xiaomi Q3 2020
24 Nov KPN Strategy Update 2020
24 Nov SD-WAN & SASE Summit
25 Nov Partner Communications Q3 2020
26 Nov Telekom Malaysia Q3 2020
26 Nov Axiata Q3 2020
26 Nov Megafon Q3 2020
30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec NGON & DCI World
::: More Calendar Items