S&P Global Ratings has downgraded Cell C’s debt to “D”, or “default” – its lowest-possible “junk” rating – after the mobile operator “failed to make interest payments on certain bilateral loan facilities” due last month.
Author: Duncan McLeod
The Information Communication Technology Union will lead its members at MultiChoice South Africa out on strike on Friday to protest job cuts at the pay-television operator.
DStv owner, JSE-listed MultiChoice Group, is cutting the price of monthly bouquets in Kenya by as much as 37% as competition from streaming services intensifies.
First National Bank has suspended its decision to require users to type in their usernames and passwords manually for online banking rather than using their browser or password manager to automatically fill in the fields.
Cell C’s largest shareholder, Blue Label Telecoms, will delay publication of its full-year financial results until late September to deal with various issues related to the mobile operator’s recapitalisation and restructuring.
In the podcast this week, a discussion about the week’s big technology news, including fresh details on Huawei’s HarmonyOS and how criminals are destroying South Africa’s mobile infrastructure.
The Chinese technology giant will pay software developers to build apps for its new operating system, HarmonyOS, which will run on a range of devices from smartphones to smartwatches.
At least 500 Vodacom base stations in South Africa are targeted each month by criminal syndicates, with batteries and copper cables the main target, the company said on Thursday.
Vodacom wants to switch off its 2G voice network to focus on newer broadband technologies, including 3G and 4G/LTE, joining rival Telkom in announcing plans to migrate users off the now-25-year-old legacy technology.
Vodacom said on Thursday that there is no reason to delay the licensing of 5G spectrum in South Africa, arguing that its urgent allocation is needed if South Africa is going to take advantage of the fourth Industrial Revolution.