Blue Label Telecoms, which is seeking control of Cell C, plans to bring in a new strategic investor into the mobile operator.
Browsing: Mark Levy
Blue Label co-CEOs Brett and Mark Levy unpack their strategic plans in an exclusive interview with the TechCentral Show.
JSE-listed Blue Label Telecoms seems like a great business on paper. So, why have investors dumped its shares?
In a surprise move, JSE-listed Blue Label Telecoms has called a meeting to update investors on “key business developments”.
Blue Label Telecoms’ co-CEOs Mark and Brett Levy have expressed their frustration that investors continue to punish Blue Label for their Cell C deal, despite the solid performance of the group in recent years.
Blue Label Telecoms on Wednesday provided more insight into a fraud scheme it uncovered last year that led to the suspension of two senior executives.
Blue Label Telecoms has suspended two senior executives pending an investigation into possible irregularities, details of which the JSE-listed group has declined to disclose at this stage.
Blue Label Telecoms will report slight growth in headline earnings per share of between 0% an 4% for the six-month reporting period ended 30 November 2020.
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.
Blue Label Telecoms co-founders and co-CEOs Brett and Mark Levy are stepping down as non-executive directors of the Cell C board with immediate effect.