MTN has confirmed it’s in discussions with Cell C.
Cell C is in advanced talks with MTN to gain more access to its network as SA’s third-biggest mobile-phone company.
The company has shut down its fixed-LTE offering through Internet Solutions, expanded its roaming agreement with MTN, and scaled back investment in its Black streaming service to aid its financial position.
Cell C CEO Douglas Craigie Stevenson said the company will gain additional access to MTN’s network in major cities such as Johannesburg and Cape Town.
“Cell C has definitely not stagnated, we are generating service revenue,” Craigie Stevenson said. “We are getting rid of costs, getting more efficient, and understanding what a performance culture is all about.”
Cell C is struggling under 9 billion rand of debt, while full-year losses have ballooned to 8 billion rand from 656 million rand a year earlier.
Meanwhile MTN has confirmed it’s in discussions with Cell C.