Blu Label has warned it will absorb a R5.2-billion hit related to Cell C as it finally draws the line under a long-running saga.
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Cell C listed on the JSE on Thursday, completing a multi-year turnaround that has reshaped the business.
Cell C is heading to the public market with a proposed JSE listing that pegs the offer price between R29.50 and R35.50/share.
Blu Label could pay a special dividend to shareholders if its planned listing of Cell C on the JSE next year goes ahead.
Blu Label Unlimited Group has been given the green light by the Competition Tribunal to take control of Cell C.
Blue Label Telecoms has unveiled a major planned restructuring involving the mobile operator.
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.