Cell C looks to invest US$220 million in capex this year

Cell C has outlined plans to invest ZAR2.3 billion (US$223 million) this year as it sees a rising subscriber base.

The company’s customer base has risen by 22 per cent over the past year, reaching 16.6 million at the end of April.

Cell C, which is majority owned by Dubai-based Oger Telecom, said that it will add 300 more base stations, expand its fibre-optic network and carry out general network upgrades.

Cell C also said it was close to agreeing to a US$125 million financing deal with investors.