Market watchers are not worried about the decision by mobile operator Cell C to ditch its R8,5bn planned bond placement to reduce its crippling debt load of R20,7bn. Prepaid technology specialist
Browsing: Blue Label Telecoms
Cell C has withdrawn a planned bond placement to help it reduce its high levels of debt, but the company remains confident it will raise sufficient funds through a planned restructuring to reduce its maximum
Blue Label’s share price has been on a strong run since it announced its intention to invest a 35% equity stake in Cell C at the end of last year. Coupled with good growth numbers in its first half 2016 results, it has gained more than 60% so far
In a dramatic move of support for Pravin Gordhan, 81 CEOs pledged support for the finance minister days before he presents his mini budget and a week before he appears in court on fraud charges. “We stand as one for the rule
Cell C’s full financial results, for the six months ended June 2016, provide detailed insight into the performance of South Africa’s third largest mobile telecommunications operator for the first time. The numbers are contained in a
Mobile operator Cell C turned a small profit of R2,8m in the six months ended 30 June 2016, an improvement from a loss of almost R1,2bn in the same six-month period a year earlier
How many customers does Cell C actually have? On its website, as well as in communication from the company over the past year, it has claimed to have over 20m subscribers. But a regulatory filing on Tuesday suggests it actually
Cell C is in the process of raising US$600m, or about R8,5bn, to prop up its balance sheet, given its crippling debt load of R23,6bn. The company’s management is currently on a roadshow in London to drum up support among investors, as the
This week’s episode of TalkCentral was recorded at the action-packed rAge electronic entertainment exhibition at the Northgate Dome in Johannesburg. Your hosts, Duncan McLeod and Regardt van der Berg, chat about all the
JSE-listed Blue Label Telecoms, through its subsidiary The Prepaid Company, has announced it will acquire 45% of Cell C for R5,5bn. It had previously said it intended buying 35% of the mobile operator for R4bn as part