Browsing: Oger Telecom

New dawn for Cell C

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’s massive restructuring plan taking shape

Cell C is seeking to cut its debt by 73% as part of a deal that will help South Africa’s third largest mobile phone operator sell a stake to Blue Label Telecoms while retaining its operating licence, according to two people

Cell C hits back at BEE partner

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

CellSAf vows to block Cell C restructuring

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

Blue Label to invest R5,5bn in Cell C

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

Cell C restructuring faces legal challenge

Cell C’s empowerment partner CellSAf, which holds a quarter of the mobile operator’s equity, has decided to challenge a multibillion-rand restructuring and recapitalisation in the courts, it…

Blue Label gains on jump in earnings

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

Cell C sale given shareholder nod

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

Cell C set for ratings upgrade

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

Inside the Cell C, Blue Label tie-up

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

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