Confusion over the difference between ownership and control has muddied the waters at Icasa hearings.
Browsing: Blue Label Telecoms
Cell C is confident the company will have enough cash to settle its shareholder debt coming due in the next three to five years.
Icasa and the Competition Tribunal will hold separate public hearings into Blue Label Telecoms’ proposed acquisition.
Blue Label Telecoms said on Wednesday that its full-year core headline earnings per share will take a knock.
Cell C has moved to signal that it remains a force to be reckoned with in South Africa’s telecoms industry.
Blue Label Telecoms has received approval from the Competition Commission to take control of Cell C.
Brett and Mark Levy will have to cough up tens of millions of rand each after Blue Label’s plans to expand in India went awry.
The mobile operator said it has had positive negotiations with Icasa about settling its outstanding debts.
Blue Label Telecoms said its underlying core headline earnings will decline by R100-million in its latest reporting period.
Cell C CEO Jorge Mendes has said that not only has the business been saved, but that its best days are yet to come.