Wednesday, July 2, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News Africa News

Cell C South Africa to Sell Assets over $596M Debt

Tech Gist Africa by Tech Gist Africa
10/11/2019
in Africa News, News
0 0
0
Cell C Logo

Photo Credit - studentbrand.co.za

0
SHARES
Share on FacebookShare on Twitter

Cell C, the third-biggest mobile operator is set to sell business assets over R9 billion ($596 million) debt. The Telco plans to sell its fiber-optic network and billed the customer base. It is alleged that Cell C plans to sell off part of its wireless frequencies to MTN Group Ltd.

Cell C has been operating in South Africa since 2001 but this is the second time that Cell C is on the verge of shutting down. In 2016, the Telco had to raise money through a funding round led by Blue Label Telecoms Ltd. In other news, it is alleged that China Mobile may be the one to rescue the indebted Company this time.


See also: Doctors Use Robotic Arm in First Knee Replacement Surgery in South Africa


Last month, Douglas Craigie Stevenson, the Chief Executive Officer of Cell C, said that the company is in talks with MTN about gaining more access to its network. This implies that the dominance of Vodacom and MTN in South Africa makes it difficult for smaller companies to successfully thrive.

Vodacom, Telkom SA, and the MTN group have indicated interest in buying Cell C’s assets. It’s also in talks with potential investors, led by Buffet Consortium to recapitalize the business and clear debts

 

More on TechGIst Africa:

  • Mental Health Tips for Creatives and Techie
  • Meet Doctoora, the Winner of #NES25 Startups Pitch Competition
  • South Africa Government to Launch e-Visa & e-Gate System
  • Nigeria-based Startup, Chiniki Guard wins $10K GITEX SuperNova Challenge Grand Prize
  • Zimbabwean Cabinet Finally Approves the Cyber Crime Bill
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Apple WWDC 2025
Events

Apple Unveils iOS 26, macOS Tahoe, and AI Innovations at WWDC 2025

by Tech Gist Africa
06/15/2025
0

Apple kicked off its annual Worldwide Developers Conference (WWDC) with a series of announcements highlighting significant advancements in software design...

Read more
Zero Carbon Charge South Africa

Zero Carbon Charge, a South African startup secures US$5.6 Million investment

06/15/2025
Kera Senegal

KERA, a Senegalese E-Health Startup Secures $10 Million Funding

06/15/2025
Nile South Africa

Nile, a South African Agri-Tech Startup Secures $11.3 Million in a funding round

06/15/2025
DHL Group

DHL Group to Invest $575 Million in Healthcare and Logistics Expansion Across Africa and the Middle East

06/15/2025
Next Post
South African-based Net1 UEPS Technologies acquired by Bank Frick

South Africa-based Net1 Set to Acquire Bank Frick

Villgro calls for Healthtech Innovations Submission

Villgro calls for Healthtech Innovations Submission

The Agence Française de Développement (AFD) calls for 2019 AFD digital challenge

Applications Open for AFD Digital Africa Challenge

No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.