Blue Label Telecoms has said that the long-awaited recapitalisation of debt-laden mobile operator Cell C will be completed by no later than May this year.
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Blue Label Telecoms on Wednesday provided more insight into a fraud scheme it uncovered last year that led to the suspension of two senior executives.
New Telkom CEO Serame Taukobong has a challenge on his hands: the mobile growth story that underpinned the business in recent years appears to be ending.
Blue Label Telecoms, the JSE-listed firm that owns 45% of Cell C, is still in talks about recapitalising the debt-laden mobile operator’s balance sheet.
Blue Label Telecoms said it is still locked in talks over a planned recapitalisation of the debt-laden mobile operator.
Despite a weekend report of an approach by MTN Group, Telkom shares were trading lower on Monday, implying investors don’t believe a deal is imminent or even possible.
Cell C’s decision to exit the network infrastructure business appears to be bearing fruit.
Blue Label Telecoms cautioned shareholders on Monday that it remains in talks about a recapitalisation of mobile operator Cell C, in which it holds a 45% stake.
While plenty has been spoken around ARC’s fee structure, not enough has been asked about its valuation of Rain. By Keith McLachlan.
Blue Label Telecoms has suspended two senior executives pending an investigation into possible irregularities, details of which the JSE-listed group has declined to disclose at this stage.