The damage is in the accounting rather than at the trading level, but shareholders face a big swing from profit to loss.
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Blu Label has resumed dividend payments after years of Cell C restructuring drained the group’s resources.
Blu Label has warned it will absorb a R5.2-billion hit related to Cell C as it finally draws the line under a long-running saga.
Cell C’s first results as a listed company reveal a cleaner balance sheet but a business still searching for momentum.
Cell C’s improving performance is supported by balance sheet strength and a capital-light model.
Blue Label Telecoms has unveiled a major planned restructuring involving the mobile operator.
JSE-listed Blue Label Telecoms has taken a decisive step in its troubled, long-running association with Cell C.
A key regulator has given the green light to a transaction that should help advance a proposed plan to list Cell C.
Supporting MVNOs like Capitec Connect is critical to Cell C’s successful turnaround, CEO Jorge Mendes has said.
Blue Label Telecoms said its underlying core headline earnings will decline by R100-million in its latest reporting period.