Strange shift at Cell C
Cell C has denied any change in strategy, despite its latest results showing a surge in subscribers and a drop in average revenue per user.
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Cell C has denied any change in strategy, despite its latest results showing a surge in subscribers and a drop in average revenue per user.
Cell C’s current liabilities far exceed its current assets, suggesting the company remains in some financial distress and has negative working capital.
Expects prepaid and postpaid revenues to strengthen further as network performance improves.
Cell C’s financial statements over the last few years are a mess, which will cause headaches for investors ahead of its listing on the Johannesburg Stock Exchange (JSE).
When Jorge Mendes took the reins at Cell C in 2023, he said they wanted to reach 15% revenue market share in South Africa. However, the company is moving backwards.