South Africa: Cell C, MTN conclude roaming agreement term sheet
9 August 2019
South Africa’s third-largest mobile operator Cell C and telecommunications giant MTN South Africa have concluded a detailed term sheet regarding a national roaming agreement, majority shareholder Blue Label said on Wednesday.
In an update to shareholders, the JSE-listed group assured that the mutually beneficial deal would result in substantial cost savings for Cell C by reducing network and capital expenditure through an extensive roaming arrangement.
Negotiations are now under way for a long form agreement that will detail the principles set out in the term sheet.
Further, Blue Label welcomed the permanent appointment of Douglas Craigie Stevenson as Cell C CEO. Craigie Stevenson had been interim CEO since March.
“In the past five months, Douglas and his team have led the company to improved financial stability, sound business ethics and good governance, better operational performance and have established a path to sustainability.
“His permanent appointment was unanimously approved by the board and we are fully behind his efforts to lead Cell C,” said Cell C chairperson Kuben Pillay