Browsing: Oger Telecom

Blue Label Telecoms said on Monday that it has wrapped up its acquisition of 45% of Cell C for R5.5bn, concluding a restructuring deal that has resulted in the mobile operator’s debt being reduced from R23bn to less than R6bn

Cell C has hit back at its black economic empowerment partner CellSAf, which at the weekend threatened to take the mobile operator to court if it proceeds with a planned restructuring in terms of which

Cell C’s black economic empowerment shareholder, CellSAf, which currently holds 25% of South Africa’s third largest mobile operator, has warned it will head to court this week if a planned restructuring goes ahead, saying it’s

JSE-listed Blue Label Telecoms, through its subsidiary The Prepaid Company, has announced it will acquire 45% of Cell C for R5,5bn. It had previously said it intended buying 35% of the mobile operator for R4bn as part

JSE-listed Blue Label Telecoms, which is in talks to buy 35% of mobile operator Cell C, looks set to turn in a strong financial performance in the six months ended 30 November 2015. The company

South Africa’s third largest mobile network, Cell C, said on Wednesday that its board has accepted an offer from Blue Label Telecoms to acquire 35% of the company for R4bn. The boards of Cell C and its

A big restructuring at Cell C, which would see the company’s debt reduced by more than half, to less than R8bn, may soon result in it receiving a ratings upgrade from Standard & Poor’s. In a note published on Tuesday, the ratings agency said it has placed

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