Blue Label Telecoms, the JSE-listed company in talks to buy a 35% stake in mobile operator Cell C for R4bn, has turned in a strong set of results for the six months to 30 November 2015. Headline earnings rose by 25% to R355m on the back of a
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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
Communications regulator Icasa has approved the transfer of control of the service and spectrum licences from iBurst and Broadlink parent Wireless Business Solutions to Multisource, a company backed by former top bankers Michael Jordaan and Paul Harris
Telkom has filed an objection at communications regulator Icasa to Multisource’s planned acquisition of iBurst and Broadlink parent Wireless Business Solutions, TechCentral has learnt. Telkom submitted
Communications regulator Icasa has asked for written submissions over the proposed acquisition of iBurst and Broadlink parent Wireless Business Solutions by MultiSource, a company that enjoys the backing of former banking executives Michael Jordaan
The sale of iBurst and Broadlink parent Wireless Business Solutions (WBS) to a company backed by top former bankers Michael Jordaan and Paul Harris is proceeding, subject to regulatory approvals, after the conclusion
Blue Label Telecoms is no longer in discussions with an unnamed party that had expressed an interest in buying it. “Shareholders are referred to the company’s cautionary announcement first made on 1 October 2014. Blue Label considers that insufficient progress has been made in relation
Former top bankers Michael Jordaan and Paul Harris are shareholders in a company that has made an offer to buy Wireless Business Solutions (WBS), the company that owns iBurst and Broadlink, TechCentral has established. Technology company Multisource, in which Jordaan and the Harris family
An unidentified suitor has made a bid to acquire 100% of JSE-listed telecommunications and payments specialist Blue Label Telecoms, sending the firm’s share price higher by nearly 10% in Wednesday morning trading on the JSE. “Shareholders are