Browsing: Cell C

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

Cell C appoints chief digital officer

Like other mobile operators, Cell C is getting serious about digital business. The company said on Wednesday that it has appointed Nihmal Marrie as chief digital officer to “steer” its “digital transformation” and

SA users spurning cheaper data deals

Despite offering data plans that, on face value, are significantly cheaper than its rivals, consumers are not flocking to Telkom’s network, according to new report by Research ICT Africa. The price of 1GB of data in South

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

Hilton Tarrant
R2/MB is all but dead

It’s surprising that the country’s major mobile operators haven’t trumpeted the death of R2/MB charges for out-of-bundle data. That pricing – a staple of the industry since Vodacom’s launch of 3G services in 2004 – has practically disappeared

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 names new CFO

Tyrone Soondarjee is set to replace Robert Pasley as chief financial officer of mobile operator Cell C. Soondarjee, who will take over the company’s finance portfolio on 1 July, joins Cell C at a crucial

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

Blue Label shareholders to vote on Cell C deal

Blue Label Telecoms is pushing ahead with a plan to recapitalise Cell C in terms of which it will become a 45% shareholder, through subsidiary The Prepaid Company, in South Africa’s third largest mobile operator. The JSE-listed company said

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