Browsing: CellSAf

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Blue Label, Cell C blast CellSAf over new claims

Blue Label Telecoms has described claims made by disgruntled Cell C shareholder CellSAf in a media statement on Wednesday as “factually incorrect in all respects” and accused the black-owned consortium of make claims

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Icasa clears Cell C over recapitalisation

Communications regulator Icasa has found that Cell C followed due process during its recapitalisation, as part of which Blue Label Telecoms and Net1 UEPS Technologies invested R7.5bn in the company, the mobile operator

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Icasa raises red flag over Cell C deal

The recapitalisation of Cell C has hit a potential roadblock. Communications regulator Icasa late on Wednesday evening said the mobile operator may have failed to make the correct regulatory filings regarding the

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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

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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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Cell C hits back at BEE partner

Cell C has hit back at its black economic empowerment partner CellSAf, which at the weekend threatened to take the mobile operator to court if it proceeds with a planned restructuring in terms of which

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CellSAf vows to block Cell C restructuring

Cell C’s black economic empowerment shareholder, CellSAf, which currently holds 25% of South Africa’s third largest mobile operator, has warned it will head to court this week if a planned restructuring goes ahead, saying it’s

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CellSAf challenges Cell C deal

Cell C’s planned recapitalisation, in terms of which JSE-listed Blue Label Telecoms will acquire 45% of the mobile operator for R5,5bn, has hit turbulence. News wires, including Reuters, reported on Thursday

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