Browsing: Blue Label Telecoms

CellSAf again vows to stop Cell C deal

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

Cell C names new chairman

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

New dawn for Cell C

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

Cell C said to raise billions in new bond sale

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

Blue Label wraps up R5.5bn Cell C deal

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 sets out its game plan

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 to buy 3G Mobile for R1.9bn

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’s massive restructuring plan taking shape

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

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