End of an era for Cell C in South Africa

• Cell C has officially exited technical insolvency after years of financial distress.
• The company's turnaround marks a significant change for the South African telecommunications company, which had been technically insolvent for several years due to accumulated losses and debt payments.
• The restructuring resulted in a significantly deleveraged balance sheet, with net debt falling by 64% and improved debt-to-EBITDA ratio.