Blue Label Telecoms, the largest shareholder in Cell C, may seek to buy a majority and controlling stake in the mobile operator.
Browsing: Cell C
In a surprise move, JSE-listed Blue Label Telecoms has called a meeting to update investors on “key business developments”.
The Cell C CEO is leading one of the most complex and difficult business turnarounds in South African corporate history. He shares the story with TechCentral.
Cell C, for years saddled with unsustainable debt, is looking to a more hopeful future after reporting a R2-billion net loss for the six months ended 30 June.
Capitec has become the latest South African bank to launch a mobile virtual network operator, and is promising aggressively priced data.
Blue Label Telecoms said it Thursday that the recapitalisation of Cell C has finally been completed after years of negotiation.
The highly anticipated publication of Cell C’s latest financial results has been postponed to due the ill health of the company’s CEO.
Cell C on Wednesday said its chief financial officer, Zaf Mahomed, is stepping down to pursue “new business opportunities”.
JSE-listed Blue Label Telecoms on Thursday reported robust full-year results, with a big expansion in gross profit margin.
Blue Label Telecoms expects to report an improvement of up to 38% in headline earnings per share for the year ended 31 May 2022.