Cell C CEO Douglas Craigie Stevenson
Cell C Appointed as Preferred Service Provider to South African Government
Image sourced from Town Press Cell C has been appointed as one of the preferred service providers to the South African Government for the delivery of mobile communication services. This is for the period 1 April 2021 to 31 March 2026. The mobile communication services contract is known as RT15-2021 and was previously held exclusively by Vodacom for a five-year period. “This award marks a significant milestone for Cell C and is testament to our understanding of the needs of government and tailoring innovative solutions that matter to them, with extra value,” says Douglas Craigie Stevenson, CEO of Cell C. “It reflects the confidence in our brand and the tenacity of the company. I’m extremely proud of the effort our team put into Cell C’s proposal.” In awarding the tender the National Treasur...
Cell C to Cut Over 900 Jobs, Almost 40% of its Workforce
Image sourced from Town Press South African network provider, Cell C has confirmed that it could retrench up to 960 employees – including junior management and semi-skilled staff – resulting in cuts of almost 40% of its workforce. “Cell C can confirm that it is has reached a difficult decision and initiated discussions with junior management and semi-skilled staff to implement a restructuring of its operations so as to align the organisation with its new operating model,” says a Cell C spokesperson. “Earlier this year, senior management positions were aligned to this revised operating model and new organisational structure. This process was completed in May and resulted in 30 positions being affected,” she said. Cell C began reevaluating its workforce in March 2020 and was said to be looki...
Competition Commission Approves Cell C Recapitalisation
Image sourced from Town Press The Competition Commission announced that the proposed acquisition of Cell C assets by Gatsby SPV has been conditionally approved. “The Commission has recommended to the Competition Tribunal to conditionally approve the proposed transaction in which Gatsby SPV intends to acquire certain assets of the mobile network operator, Cell C,” the Commission in an official statement. Weekly Media Statement : @CompComSA gives #CellC deal a conditional approval pic.twitter.com/LjfWtDAlvs — CompComSA (@CompComSA) May 21, 2020 “The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets – further found that the proposed transaction does not raise any other public interest concerns,”...
