Blue Label Telecoms has unveiled a major planned restructuring involving the mobile operator.
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Blue Label Telecoms shares have gained 71% in the past 12 months on the expectation of a turnaround at Cell C.
Confusion over the difference between ownership and control has muddied the waters at Icasa hearings.
Icasa and the Competition Tribunal will hold separate public hearings into Blue Label Telecoms’ proposed acquisition.
JSE-listed Blue Label Telecoms seems like a great business on paper. So, why have investors dumped its shares?
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