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. 

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