Gadgets & technology

Gadgets & technology

Cell C makes R2.4 billion loss

Cell C made a loss of R2,448,510,000 between 1 June 2021 and 31 May 2022, Blue Label Telecoms has reported in its annual results. Blue Label’s wholly-owned subsidiary, The Prepaid Company, acquired a 45% stake in Cell C on 2 August 2017 for R5.5 billion. The acquisition formed part of a recapitalisation deal to rescue […]

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Gadgets & technology

Worst business decision in South African telecoms history

Telkom’s decision to sell its stake in Vodacom ranks as the biggest business blunder in South Africa’s telecommunications market. To understand the extent of the loss for Telkom, you have to start in 1993, when Vodacom was formed. Vodacom, which launched South Africa’s first GSM network in 1994, was a joint venture between Telkom (50%), […]

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Gadgets & technology

Bidding war for Telkom could increase share price

Last Monday, Telkom announced that it remains in discussions related to MTN buying Telkom through a combination of cash and shares in MTN. Industry speculation suggests that MTN is mainly after Telkom’s fibre assets as a combination of their mobile units and spectrum will not be approved by the Competition Commission. Regulatory expert Dominic Cull […]

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Gadgets & technology

Rain outsourcing call centre to India-based multinational

Rain has appointed Wipro as its customer support service provider and will outsource its call centre operations to the company from 1 November 2022. Call centre agents that Rain employs directly will be transferred to Wipro. Wipro is a New York Stock Exchange-listed company headquartered in Bangalore, India. Rain currently employs 150 people in Bryanston […]

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Gadgets & technology

Xpeng breaks out of a lower price range with its more expensive car G9

Xpeng has announced its most expensive car to date. Pictured here at a store in Shanghai, China, on July 2021 are two of Xpeng’s previously released models, a P7 Wing Limited Edition in green and a G3 SUV in blue. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car start-up Xpeng has […]

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Gadgets & technology

Blue Label closes deal to try and save Cell C

Blue Label Telecoms has announced that after three years, the restructuring of Cell C’s balance sheet is complete. The company said it has concluded binding long-form agreements with Cell C and various Cell C financial stakeholders, including certain shareholders and creditors of Cell C. All conditions precedent to the agreements have been met. “In mid–2019, […]

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Gadgets & technology

Strahan: hundreds of whales dead after mass stranded on west coast of Tasmania

Wildlife experts are racing against the clock to save 35 pilot whales stranded on a Tasmanian beach after nearly 200 of their kin died in a mass stranding. On Wednesday, around 230 whales became stranded at the entrance to Macquarie Harbour near Strahan on Tasmania’s west coast. Sadly, Tasmania Parks and Wildlife Service regional operations […]

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Gadgets & technology

Optus cyberattack: Up to 9 million Aussies hacked in data breach

Millions of Australians have had their personal details compromised in a major cyberattack on Optus. The telco confirmed the data breach in a statement on Thursday afternoon, after The Australian revealed up to 9 million Aussies could be affected. “Information which may have been exposed includes customers’ names, dates of birth, phone numbers, email addresses, […]

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Gadgets & technology

Mark Zuckerberg baby: Facebook founder announces third child

Mark Zuckerberg and his wife Priscilla have announced they’re expecting their third child. It’s been a tough week for the tech billionaire after his wealth took a hit but today he’s shared some happier news. Zuckerberg posted the news on Instagram. He wrote: “Lots of love. Happy to share that Max and August are getting […]

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Gadgets & technology

Semiconductor alliances between U.S. and Asia could hold back China

Leading chipmaking nations including the U.S. are forming alliances, in part to secure their semiconductor supply chain and to stop China from reaching the cutting-edge of the industry, analysts told CNBC. Places including the United States, South Korea, Japan and Taiwan, which have strong semiconductor industries, have looked to forge partnerships around the critical technology. “The immediate reason […]

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