Net1 UEPS Technologies has decided not to subscribe for shares in Blue Label Telecoms as part of a recapitalisation plan for Cell C, but will still pursue a planned direct acquisition of 15% of the mobile operator’s equity for R2bn
Browsing: Blue Label Telecoms
Blue Label Telecoms has appointed Wayne McCauley as chief operating officer of South Africa, based in Johannesburg. The JSE-listed company, which is in the throes of acquiring a 45% stake
Cell C has posted a net profit of R540m for the year ended 31 December 2016, from a net loss in 2015 of R5,6bn, on the back of strong customer growth. South Africa’s third largest mobile operator by subscribers
MTN South Africa CEO Mteto Nyati has said the mobile operator is “comfortable” with its distribution partnership with JSE-listed Blue Label Telecoms, despite the latter’s plan to acquire a 45% stake in mobile
Net1 UEPS Technologies, the company whose subsidiary Cash Paymaster Services manages the payment of welfare to 17m South Africans under a controversial tender, is acquiring a 15% stake in
Blue Label Telecoms has denied its contract with Vodacom to distribute airtime is being cancelled, rubbishing widespread market speculation that the mobile operator has served notice to terminate
JSE-listed Blue Label Telecoms and Cell C have reached an 11th-hour agreement that now appears to pave the way for a major restructuring of the debt-laden mobile operator
Cell C’s black economic empowerment shareholder, CellSAf, which currently holds 25% of South Africa’s third largest mobile operator, has warned it will head to court this week if a planned restructuring goes ahead, saying it’s
Telkom is considering acquiring Cell C’s debt as it seeks to gain access to subscribers of the nation’s third largest mobile phone company. Cell C creditors approached Telkom to help reorganise debt that includes
Cell C’s future will be decided by this time next week. That’s when the mobile operator must complete a planned restructuring in terms of which Blue Label Telecoms will take a 45% stake in the debt-laded mobile operator. But there’s now