Cell C acquisition was 'like the birth of a child' - Blue Label CEO

2017-08-08 10:59

After the conclusion of one of the country’s most complicated acquisitions, Blue Label Telecoms CEO Mark Levy told Fin24 that finalisation felt like ‘the birth of a child’.

Cell C said to sell R6bn of bonds

2017-07-26 13:28

Cell C plans to raise as much as R6bn from the sale of two bonds as part of its recapitalisation that will enable Blue Label Telecoms to buy a stake.

Blue Label set to buy 3G Mobile for R1.9bn

2017-06-27 11:28

Airtime seller Blue Label Telecoms has announced an agreement which will see it acquire 3G Mobile, one of Africa’s largest mobile distributors, for R1.9bn.

Blue Label's Cell C recapitalisation reaches finalisation

2017-06-19 18:48

The prolonged recapitalisation deal between airtime seller, Blue Label Telecoms to acquire a 45% share in Cell C is expected to be finalised and implemented by August 1.

Cell C's big, cheap data bundles to shake up market

2017-06-05 12:25

Mobile network operator, Cell C has reacted to decreasing data prices by slashing prices on its data deals. Its offering now rivals Telkom’s FreeMe bundles.

Competition watchdog throws out complaint against Vodacom, MTN

2017-04-18 17:28

The Competition Commission will not prosecute a complaint lodged by Cell C against Vodacom and MTN over anti-competitive conduct.

Cell C posts its first-ever full-year profit

2017-03-14 13:55

South Africa’s third largest mobile network Cell C has recorded its first full-year profit of R540m, following a R5.6bn loss the previous year.

Brutal battle wages over control of Cell C

2017-02-26 06:10

A bruising corporate battle is set to play out over the next two days over the control of mobile operator Cell C.

Cell C downgraded to lowest junk status after missing payments

2017-02-07 12:56

South Africa's third largest network Cell C has been downgraded to a ‘D’ credit rating by ratings agency Standard & Poor’s – the lowest junk status rating for a company.

Telkom Mobile to fight for its share

2016-11-20 06:01

Although Telkom’s mobile unit is at last profitable, it faces an uphill battle to sustain profitability.


Blue Label implements R6bn recapitalisation of Cell C

2017-08-07 08:24

Airtime seller Blue Label says it has fully implemented its recapitalisation of mobile operator Cell C.

Cell C's reality show on the hunt for SA's next big innovator

2017-07-13 18:25

Mobile network Cell C has launched a new social networking reality show to unearth SA’s next great innovator. The show, Hangman, will have R1m up for grabs in prize money.

Cell C seeks 73% debt reduction in Blue Label buyout deal

2017-06-21 10:47

Cell C wants to cut its debt by 73% as part of a deal that will help it sell a stake to Blue Label Telecoms while retaining its operating licence, according to people familiar with the matter.

5 business stories you need to read

2017-06-05 18:02

Former Eskom CEO Brian Molefe is still dominating business news, while the rand is showing some muscle. Here is a round-up of the top stories on Fin24.

Cell C deal remains on track after Net1 speed wobble

2017-06-02 08:25

The move by Blue Label Telecoms to acquire a 45% stake in C Cell hit a speed wobble this week after Net1 changed course as the third-party investor.

Cell C boss: We’re not in a capex race

2017-03-15 06:04

South Africa’s third largest mobile network, Cell C, is not in a race to beef up its capital expenditure, says the company’s CEO Jose Dos Santos.

Last-minute deal reached between Blue Label, Cell C

2017-02-27 14:20

Local telecommunications player Blue Label Telecoms has reached a last-minute agreement that is expected to see it acquire 45% of Cell C.

Cell C rejects Telkom's offer to purchase

2017-02-23 13:34

Embattled mobile network Cell C has turned down an offer to purchase from Telkom, saying that transactions with JSE-listed Blue Label Telecoms are still taking place.

MTN issues warning over 'bill shock'

2017-01-17 14:33

Mobile network provider MTN has warned that the transition from a feature phone to a smartphone, roll out of 4G and social media usage have led to depleting data bundles.

Alan Knott-Craig earned R47m in his time as Cell C CEO

2016-10-18 16:07

Local telecoms veteran and former Vodacom CEO Alan Knott-Craig took home a total of just over R46m from Cell C during his two year tenure at the company.

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