Blue Label hopeful of Cell C's prospects - despite its stake sitting at R0

2020-02-28 16:25

Blue Label Telecoms wrote down its entire stake at Cell C in 2019. And after calling in a valuation specialist, its value remained at R0 in the first half of the group's 2020 financial year.

Mobile operator Cell C defaults on interest payments for R2.7bn loan

2020-01-28 12:54

Cell C has defaulted on the payment of interest for a R2.7bn loan, due in December 2019, as well as interest and capital repayments due in January 2020.

Cell C now valued at zero

2019-09-19 17:27

Cell C's major equity holders Blue Label Telecoms and Net1 have both placed the fair value of the mobile operator at zero.

Cell C hits Icasa speed bump over recapitalisation deal

2017-08-31 10:28

The recent recaptialisation deal between mobile network, Cell C and airtime seller, Blue Label Telecoms could see potential delays.

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 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.

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.

Here is how much money Cell C is making

2016-10-18 12:50

Full financial results of South Africa’s third largest mobile network, Cell C, have been revealed for the first time ever.

Bok sponsor extends deal

2016-08-11 19:21

SA Rugby has announced that Blue Label Telecoms has extended its partnership with the Springboks to cover the rest of the 2016 season.

Cell C gets ratings boost over acquisition plans

2015-12-22 18:30

Cell C has received a ratings boost, following reports that Blue Label Telecoms plans to acquire a 35% stake in South African telecommunications business.


Cell C adds two independent directors to board in bid to improve governance

2020-01-29 14:52

The announcement comes a day after its largest shareholder, Blue Label Telecoms Limited, said Cell C had defaulted on interest payments on a R2.7bn loan.

Blue Label expects earnings hike after Cell C writedown

2020-01-23 15:25

Blue Label Telecoms expects its earnings for the six months ended 30 November 2019 to increase by at least 20%, it said in a shareholder notice on Thursday afternoon.

Cell C reports R588m net loss

2017-11-02 13:38

Mobile network Cell C reported a R588m net loss in its interim results for 2017, its major shareholder Blue Label Telecom has announced

Blue Label posts solid earnings growth

2017-08-25 15:27

Blue Label Telecoms earnings continued to rise, according to the company’s financial results for the year ending May 2017.

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.

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.

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.

Blue Label’s Cell C acquisition deal ‘on track’

2016-08-18 06:57

Blue Label Telecoms says plans to acquire 35% of Cell C as part of a recapitalisation of plan are still “on track”.

Blue Label edges closer to acquiring 35% of Cell C

2015-12-30 14:03

South Africa’s third largest mobile network says its board has accepted an offer from Blue Label Telecoms to acquire 35% of the company for R4bn.

Blue Label to acquire 35% of Cell C

2015-12-10 15:50

The distributor of prepaid airtime plans to acquire a stake in South Africa’s third largest mobile network as part of a recapitalisation programme.

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