Browsing: CellSAf

Cell C will reduce its net borrowings to a maximum of R6bn – from a proposed R8bn previously – Blue Label Telecoms, which is in the throes of buying a 45% stake in the mobile operator for R5,5bn

Cell C intends listing on the JSE within the next few years to unlock value for shareholders and staff. This comes in the wake of news this week that Blue Label Telecoms has tabled an offer to acquire a 35% stake in South Africa’s third mobile operator for R4bn

Blue Label Telecoms is acquiring 35% of Cell C, injecting R4bn in new capital as part of a major restructuring of the telecommunications operator that will lead to current controlling shareholder

The MD of South Africa’s fourth mobile network operator, Telkom Mobile, has pooh-poohed suggestions that merging the company with Cell C would make sense for Telkom. Attila Vitai has told TechCentral that the move would make more sense for Cell C, South Africa’s third network operator, than it would for Telkom

Cell C’s parent company and effective controlling shareholder, Dubai-based Oger Telecom, is injecting US$180m, or about R1,5bn, as new equity into company, the SA mobile telecommunications operator said on Thursday. In a brief statement, Cell C CEO Alan Knott-Craig says: “The foreign investment into