Cell C has completed the migration of its radio access network to MTN and Vodacom.
Browsing: Blue Label Telecoms
Cell C CEO Douglas Craigie Stevenson will step down from the mobile operator at the end of March.
Blue Label Telecoms, which owns about 49.5% of Cell C, looks set to make an offer to take control of the company in the coming months.
Blue Label Telecoms warned that its interim results for the six months to end-November 2022 will show up to a 99% plunge in headline earnings per share.
Months after securing a deal to recapitalise its balance sheet, Cell C has announced it has hired a chief restructuring officer.
Blue Label Telecoms, the largest shareholder in Cell C, may seek to buy a majority and controlling stake in the mobile operator.
In a surprise move, JSE-listed Blue Label Telecoms has called a meeting to update investors on “key business developments”.
The Cell C CEO is leading one of the most complex and difficult business turnarounds in South African corporate history. He shares the story with TechCentral.
Cell C, for years saddled with unsustainable debt, is looking to a more hopeful future after reporting a R2-billion net loss for the six months ended 30 June.
Blue Label Telecoms said it Thursday that the recapitalisation of Cell C has finally been completed after years of negotiation.