As Blue Label’s share price on Wednesday fell to the same level as its debut price on the JSE 11 years ago, the company’s management team has moved to assure the market that its acquisition of 45% of Cell C was not only well thought through but will deliver the expected returns.
A day after falling 8% on the back of interim results published by Cell C, Blue Label Telecoms shares again took a battering on Wednesday after the group published full-year results.
Shares in Blue Label Telecoms, which owns 45% of Cell C, fell by 8% on Tuesday after the mobile operator reported half-year results to 30 June 2018 that showed a net loss after tax of R645-million.
Cell C is planning a share sale in Johannesburg by the first quarter of 2020 as South Africa’s third largest wireless company seeks funds for acquisitions.
Cell C has reduced its net loss after tax in the first half of the 2018 financial year by 33% to R645-million on the back of an 11% improvement in service revenue to R6.9-billion.
South Africans want data prices to fall. Instead, it’s the shares of the big listed telecommunications companies that are tumbling. Share prices have come under significant downward pressure in recent
Blue Label Telecoms has described claims made by disgruntled Cell C shareholder CellSAf in a media statement on Wednesday as “factually incorrect in all respects” and accused the black-owned consortium of make claims
MTN has emerged as Africa’s most valuable telecommunications brand, according to a new research report by brand valuation and strategy consultancy Brand Finance. The MTN brand is worth US$3.3bn, up 9% from
Cell C will list on the stock market, possibly as soon as 24 months from now, according to the mobile operator’s CEO, Jose Dos Santos. Speaking to TechCentral this week, Dos Santos said the company has pencilled in late 2019
On TalkCentral this week, Duncan McLeod and Regardt van der Berg preview what’s expected at Mobile World Congress 2018, which kicks off on Monday. What new phones are coming, and what will be the