TELECOMS
South Africa's Cell C and its creditors have agreed a deal with Blue Label Telecoms and an unnamed investor that would lower the mobile phone firm's debt to R6-billion ($463-million), Blue Label said in a statement. Cell C is South Africa's third-0largest mobile phone company but a debt burden of about R20-billion has hampered its growth in a maturing phone market where rivals Vodacom and MTN are much bigger.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access