A big restructuring at Cell C, which would see the company’s debt reduced by more than half, to less than R8bn, may soon result in it receiving a ratings upgrade from Standard & Poor’s. In a note published on Tuesday, the ratings agency said it has placed
Browsing: Blue Label Telecoms
Cell C intends listing on the JSE within the next few years to unlock value for shareholders and staff. This comes in the wake of news this week that Blue Label Telecoms has tabled an offer to acquire a 35% stake in South Africa’s third mobile operator for R4bn
Blue Label Telecoms is acquiring 35% of Cell C, injecting R4bn in new capital as part of a major restructuring of the telecommunications operator that will lead to current controlling shareholder
Blue Label Telecoms chief operating officer Mark Pamensky has resigned “to pursue personal business interests”, the JSE-listed group said on Monday. Although he has informed the board of
An investment in Adapt IT over the past three years or, even better, over five years would have paid off handsomely. The IT counter has proved to be by far the best performer among technology and
Blue Label Telecoms and retail group Edcon will develop a network of retail technology stores across South Africa. Called Edgars Connect, the companies hope to have 100 outlets opened before
Blue Label Telecoms said on Monday that Cell C has enjoyed “massive” growth in the past year, while MTN has “lost a little bit of direction”. This is according to Brett Levy, co-CEO at Blue Label, which
Blue Label Telecoms has reported a big jump in profits in the year ended 31 May 2015, with headline earnings per share climbing by 21% on the back of an expansion in gross margins from 7% to 7,5%
Communications regulator Icasa has asked for written submissions over the proposed acquisition of iBurst and Broadlink parent Wireless Business Solutions by MultiSource, a company that enjoys the backing of former banking executives Michael Jordaan
MTN has continued to lose market share in prepaid in South Africa in the past six months, despite slashing its voice tariffs to 79c/minute, new numbers published by Blue Label Telecoms suggest