In addition, MTN said it would be evaluating the sustainability of its agreement with Cell C due to the amount outstanding. In response Cell C and Blue Label said they were working to address some of the concerns raised. Neither the company nor Blue Label have given a breakdown of exactly what these irregular business practices are — or, more concerningly, if they involve anyone in management. To add further fuel to the fire, the Competition Commission announced that it would be investigating Blue Label Telecoms for prepaid airtime arrangements that are allegedly disempowering to black-owned small, medium and micro enterprises SMMEs.
Based on the reported financial figures alone, Cell C spent just shy of R million acquiring programming and movie rights for its video-streaming platform. According to FY figures, around 2. Also, at the time, customers accessed Black using a free trial option, with 60 transactions complete to date. That said, it is quite challenging to determine whether the investment has yielded a return.
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The issue with this specific move is that the wholesale clients who partnered with Cell C in this venture were tied to thousands of retail customers. While some of the challenges rely on a combination of a difficult operating and regulatory environment, poor decision-making cannot be discounted. It should not be lost on us that if Cell C fails, thousands of employees risk unemployment in an already-struggling economy.
Plus an even less competitive environment would ensue, with fewer mobile telcos, which would reduce downward pressure on pricing. It is worth noting that, from inception, no one has made an equity return for investing in Cell C. Remember Me. Don't have an account? Sign up for FREE. There is a lot of interference from government in the Telecoms sector. They keep complaining about data prices while mismanaging the available spectrum. Very sad.
They were very competitive when they started out in and I got good service from Cell-C over the period to However, someone within Cell-C changed my bank account details around , which they used for debiting my account, thereby causing nonpayment and resulting in Cell-C cutting my three services. It took over six months to resolve, Cell-C continually denying that the problem was within their billing system.
Go figure! How is this possible?
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Who thought they could take on the likes of Netflix with Black? Can the original Blue Label be extracted from this mess? Sigh what a mess, reminds me of an electrical company I think its name starts with E ….. Great research and accurate, Except, you are failing to realize that telecom and utility companies can be purchased for their subscriber base and integrated onto their own network, so you should be looking at their valuation from an EBITDA x multiple perspective. You are currently viewing our desktop site, do you want to visit our Mobile web app instead?
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Login here or sign up here. Open: 52wk high: 52wk low: Volume: Bid: Offer:. Cell C puts assets up for sale as losses deepen. Blue Label Telecoms under threat of listing suspension. Cell C seeks more network access from MTN in battle for growth. Blue Label shares rally on trading update. Five things making headlines in South Africa today. Cell C — hanging on. Image: Rogan Ward, Reuters. Blue Label. Sign up here , cancel at any time.
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Cell C coy about rumoured China Mobile bid Cell C now valued at zero Net 1 reschedules Q4 results due to Cell C deal delay Cell C staff to join Tiso Blackstar Tuesday picket Ferial Haffajee: Data expiry must expire Telkom said to mull second bid for Cell C Cell C turns to Blue Label, banks to refinance onerous debt Cape Town lamp-posts and bus stops may soon become WiFi hotspots JSE threatens threatens to de-list Blue Label over financial results delay Cell C hires consultants to probe business practices How SA stacks up against 9 peer countries CellC users get 1GB after load shedding interrupts service How to raise a unicorn Search for more news:.
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