Yesterday at the MTN AGM, CEO Dabangwa announced that they grew 7.4 million subscribers, there was no response from its competitors about their growth but it seems as if there has been a type of response. According to MyBroadband, unconfirmed information shows that Cell C has grown its subscriber base to 86 000 users until March 2011.
The financial results haven’t been officially announced as yet. One of the reasons why this has occurred is due to the strong performance in the data market. Cell C suffered a loss in the voice revenue with EBITDA (-21%) and EBITDA margin (-3.5%) lower.