Blue Label Telecoms, which bought a 45% stake in Cell C in 2017 for R5.5-billion, has said in its annual report that it is “extremely disappointed” in the performance of the mobile operator.
Browsing: Larry Nestadt
Blue Label Telecoms, taking advantage of its low share price, has bought back almost 3.5% of the company’s issued share capital, it said on Monday.
Blue Label Telecoms chairman Larry Nestadt has acquired millions of rand worth of shares in the company in recent weeks as its stock price continued to plumb levels last seen a decade ago.
Kuben Pillay is the new chairman of Cell C, while Larry Nestadt will serve as his deputy, the mobile operator said on Monday. The appointments follow the recapitalisation of Cell C and the purchase by