The recapitalisation of Cell C involving JSE-listed companies Blue Label Telecoms and Net1 UEPS Technologies is “not a done deal”, the mobile operator’s embittered black economic empowerment partner said on
Kuben Pillay is the new chairman of Cell C, while Larry Nestadt will serve as his deputy, the mobile operator said on Monday. The appointments follow the recapitalisation of Cell C and the purchase by
Blue Label Telecoms said on Monday that it has wrapped up its acquisition of 45% of Cell C for R5.5bn, concluding a restructuring deal that has resulted in the mobile operator’s debt being reduced from R23bn to less than R6bn
View the latest contribution from TechCentral cartoonist Jerm.
It’s Friday, so it’s podcast time. On TalkCentral this week, Duncan McLeod and Regardt van der Berg chat about MTN shares plunging on a disappointing earnings update. Also this week, the curious case of EOH’s gyrating
Cell C plans to raise as much as $464m (R6bn) from the sale of two bonds as part of the South African mobile phone company’s recapitalisation that will enable Blue Label Telecoms to buy a stake, according
After more than 18 months of negotiation, Blue Label is finally poised to buy a 45% stake in Cell C for R5.5bn, a deal that is set to transform both companies. Blue Label shareholders approved
Blue Label Telecoms’ planned R1.9bn acquisition of handset distributor 3G Mobile – parent of The Equipment Company – forms part of a plan by the JSE-listed company to get customers that already buy its products, including
Blue Label Telecoms, the company that is in the throes of acquiring a significant minority stake in mobile operator Cell C, said on Tuesday that it plans to spend R1.9bn on a separate acquisition – of smartphone distributors 3G Mobile
Cell C is seeking to cut its debt by 73% as part of a deal that will help South Africa’s third largest mobile phone operator sell a stake to Blue Label Telecoms while retaining its operating licence, according to two people