Cell C’s R1bn a year financing budget
Mobile operator spends its capex mainly on IT and technology systems, says CEO
22 May 2025 - 19:15
Cell C uses about R1bn of debt a year for its operations and will continue to do so for the foreseeable future, Cell C boss Jorge Mendes has told Business Day.
Over the years, Cell C’s relationship with debt has been at the centre of the mobile operator’s story and investment case. With the mobile operator gearing up for a possible JSE listing, market players are likely to want to know and understand how Cell C is using debt. ..
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