Cell C Adds 1,3m Subscribers, Resets Balance Sheet

Cell C's turnaround gathers pace with R4bn gain, 64% debt decrease

Cell C has moved from recovery phase towards growth after completing its restructuring, while a sharp reduction in debt has strengthened its financial position. The mobile operator ended the year to May 2026 with net debt of R2 billion, down 64% from R5.7 billion a year earlier. Jorge Mendes, group chief executive, said the company’s financial and operational performance showed that Cell C had moved beyond recovery. He said the first half of the…

Cell C adds 1.3m subscribers as turnaround gains pace

The company targets revenue growth in the upper-single-digit range in its 2027 financial year, after growing wholesale revenue by 20% and cutting net debt by 64%.

Cell C adds 1,3m subscribers, resets balance sheet

Cell C Holdings reports that it added about 1,3-million subscribers’ year-on-year, grew wholesale service revenue by around 20%, and materially strengthened its balance sheet through the restructuring completed for the full year ended 31 May 2026. This is the first full reporting period since it listed in November 2025. Group revenue was R12 641-million and service revenue R11 641-million. Reported EBITDA of R5 509-million includes one-off gains…

MVNOs are doing the heavy lifting at Cell C

Capitec and FNB subscribers are doing more for Cell C than its own customers, its full-year results to 31 May 2026 show.