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…