Cell C's Cash Flow Strategy: Ensuring Debt Settlement in the Telecom Sector
Cell C's Strategic Cash Flow Management
By Nqobile Dludla JOHANNESBURG: Cell C, South Africa's fourth-largest mobile operator, is confident it will have enough cash to settle its shareholder debt due in the next three to five years, as it continues to execute a turnaround plan, its top executives told Reuters.
Financial Independence from Blue Label Telecom
Under Chief Executive Jorge Mendes, the once struggling company is going through another recapitalisation aimed at gaining financial independence from majority shareholder Blue Label Telecom. Mendes noted that the group's free cash flow before debt obligations is expected to turn positive in about two months, while its operational cash flow is basically positive, Chief Financial Officer El Kope added.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.