A day before Blue Label Telecoms reports its annual results, the technology group has announced it will sell various businesses, including part of 3G Mobile, to deleverage its balance sheet.
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Blue Label Telecoms chairman Larry Nestadt has acquired millions of rand worth of shares in the company in recent weeks as its stock price continued to plumb levels last seen a decade ago.
Blue Label Telecoms’ share price soared 15% on Thursday after reporting a strong set of interim results for the six months ended 30 November 2017. Adjusted core headline earnings per share – stripping out the effects of
Blue Label Telecoms, the JSE-listed group led by brothers Mark and Brett Levy, has turned in a strong set of financial results for the year to May 2017, the last numbers it will report that don’t include contributions from its
Blue Label Telecoms said on Monday that it has wrapped up its acquisition of 45% of Cell C for R5.5bn, concluding a restructuring deal that has resulted in the mobile operator’s debt being reduced from R23bn to less than R6bn
After more than 18 months of negotiation, Blue Label is finally poised to buy a 45% stake in Cell C for R5.5bn, a deal that is set to transform both companies. Blue Label shareholders approved
Blue Label Telecoms’ planned R1.9bn acquisition of handset distributor 3G Mobile – parent of The Equipment Company – forms part of a plan by the JSE-listed company to get customers that already buy its products, including
Blue Label Telecoms, the company that is in the throes of acquiring a significant minority stake in mobile operator Cell C, said on Tuesday that it plans to spend R1.9bn on a separate acquisition – of smartphone distributors 3G Mobile