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
Browsing: Blue Label Telecoms
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
The downgrade of Cell C’s corporate credit rating to the junkiest of junk by S&P Global Rating is another blow to the telecommunications company’s brave ambition of reducing its crippling debt load of R20,7bn. This is the view of
South Africa’s third biggest mobile operator, Cell C, has been downgraded after missing an interest payment, S&P Global Ratings has said in a statement. The rating agency downgraded Cell C to “D”. According to the company’s website
Blue Cellular, a mobile distribution specialist with almost R1bn/year in revenue, is “working towards” a JSE listing as it eyes expansion in the corporate sector and opportunities in delivering content to mobile users, its
Cell C has blamed the depreciation in the value of the rand against the US dollar for its decision, announced on Monday, to increase prices of a wide range of its prepaid and contract packages. The mobile operator, which is in the
Mobile operator Cell C is hiking the price of out-of-bundle data by more than 10% on many of its tariff plans, while also pushing up contract and data subscription charges. In a notice published on the company’s website, it said out-of-bundle