--- title: MVNOs are doing the heavy lifting at Cell C | daily.dev description: Cell C's wholesale MVNO business grew revenue 20% to R1.76-billion in the year to 31 May 2026, adding 1.2 million subscribers and now hosting 5.71 million MVNO... canonical: https://daily.dev/posts/mvnos-are-doing-the-heavy-lifting-at-cell-c-sraufcj3r twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: MVNOs are doing the heavy lifting at Cell C | daily.dev og:description: Cell C's wholesale MVNO business grew revenue 20% to R1.76-billion in the year to 31 May 2026, adding 1.2 million subscribers and now hosting 5.71 million MVNO... og:url: https://daily.dev/posts/mvnos-are-doing-the-heavy-lifting-at-cell-c-sraufcj3r og:image: https://api.daily.dev/og/posts/sRauFCJ3R.png og:image:alt: MVNOs are doing the heavy lifting at Cell C og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # MVNOs are doing the heavy lifting at Cell C **[TechCentral](https://daily.dev/sources/techcentral)** · 6 min read · 0 upvotes · 0 comments ## Summary Cell C's wholesale MVNO business grew revenue 20% to R1.76-billion in the year to 31 May 2026, adding 1.2 million subscribers and now hosting 5.71 million MVNO lines, 80-85% of South Africa's MVNO market, via tenants like Capitec Connect, FNB Connect and Shoprite's Knect Mobile. Group revenue rose 14% to R12.64-billion and Ebitda 17% to R2.38-billion, but much of the headline growth stems from two one-off effects: reduced legacy prepaid discounts after the Blu Label deal ended, and consolidating handset seller CEC onto the books. Net debt fell sharply, though cash remains tight with a working capital deficit management calls the balance sheet's main remaining problem. CEO Jorge Mendes and CFO El Kope frame FY2026 as a turnaround platform, with FY2027 growth expected to come from underlying operations rather than restructuring effects. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [MVNO business shines in Cell C’s first post-listing results](https://daily.dev/posts/mvno-business-shines-in-cell-c-s-first-post-listing-results-mzenenrba) · TechCentral · 0 upvotes · 0 comments - [Cell C delivers maiden results with growth momentum, financial flexibility](https://daily.dev/posts/cell-c-delivers-maiden-results-with-growth-momentum-financial-flexibility-zao4ynkmw) · TechCentral · 0 upvotes · 0 comments - [The trap that stops MTN and Vodacom eating Cell C’s lunch](https://daily.dev/posts/the-trap-that-stops-mtn-and-vodacom-eating-cell-c-s-lunch-1jlt7mruc) · TechCentral · 0 upvotes · 0 comments - [After mobile, Capitec Connect eyes home broadband push](https://daily.dev/posts/after-mobile-capitec-connect-eyes-home-broadband-push-qfm1mzokg) · TechCentral · 0 upvotes · 0 comments - [MTN South Africa’s voice problem is getting worse](https://daily.dev/posts/mtn-south-africa-s-voice-problem-is-getting-worse-algx9eysy) · TechCentral · 0 upvotes · 0 comments --- [View this post on daily.dev](https://daily.dev/posts/mvnos-are-doing-the-heavy-lifting-at-cell-c-sraufcj3r) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"MVNOs are doing the heavy lifting at Cell C","url":"https://daily.dev/posts/mvnos-are-doing-the-heavy-lifting-at-cell-c-sraufcj3r","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/mvnos-are-doing-the-heavy-lifting-at-cell-c-sraufcj3r"},"datePublished":"2026-08-21T08:48:18.250Z","dateModified":"2026-08-21T08:48:41.850Z","description":"Cell C's wholesale MVNO business grew revenue 20% to R1.76-billion in the year to 31 May 2026, adding 1.2 million subscribers and now hosting 5.71 million MVNO...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/cf55c4ba5b67b28c3e8c994ccd7665ff?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/cf55c4ba5b67b28c3e8c994ccd7665ff?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCentral","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCentral","logo":"https://media.daily.dev/image/upload/s--RsqLDZrL--/f_auto/v1717745297/logos/techcentral","url":"https://daily.dev/sources/techcentral"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/mvnos-are-doing-the-heavy-lifting-at-cell-c-sraufcj3r","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"","timeRequired":"PT6M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCentral","item":"https://daily.dev/sources/techcentral"},{"@type":"ListItem","position":3,"name":"MVNOs are doing the heavy lifting at Cell C"}]} ```