JSE-listed Blue Label Telecoms seems like a great business on paper. So, why have investors dumped its shares?
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Blue Label Telecoms, the JSE-listed firm that owns 45% of Cell C, is still in talks about recapitalising the debt-laden mobile operator’s balance sheet.
Blue Label Telecoms cautioned shareholders on Monday that it remains in talks about a recapitalisation of mobile operator Cell C, in which it holds a 45% stake.
Cell C’s largest shareholder, the JSE-listed Blue Label Telecoms, said on Friday that The Buffet Consortium plans to buy a minority shareholding in Cell C that will bolster the mobile operator’s balance sheet.
After more than 18 months of negotiation, Blue Label is finally poised to buy a 45% stake in Cell C for R5.5bn, a deal that is set to transform both companies. Blue Label shareholders approved
Blue Label Telecoms, the company that is in the throes of acquiring a significant minority stake in mobile operator Cell C, said on Tuesday that it plans to spend R1.9bn on a separate acquisition – of smartphone distributors 3G Mobile
Blue Label Telecoms is pushing ahead with a plan to recapitalise Cell C in terms of which it will become a 45% shareholder, through subsidiary The Prepaid Company, in South Africa’s third largest mobile operator. The JSE-listed company said
Blue Cellular, a mobile distribution specialist with almost R1bn/year in revenue, is “working towards” a JSE listing as it eyes expansion in the corporate sector and opportunities in delivering content to mobile users, its
Cell C will reduce its net borrowings to a maximum of R6bn – from a proposed R8bn previously – Blue Label Telecoms, which is in the throes of buying a 45% stake in the mobile operator for R5,5bn
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