Blue Label has achieved majority ownership of Cell C. Blue Label has finally achieved its almost decade-long goal of securing a majority stake in Cell C, South Africa’s fourth biggest mobile operator, reaching 53.57% ownership. Final approval from the Competition Tribunal concludes several regulatory hurdles for Blue Label – which is rebranding as Blu Label…
Blue Label Telecoms currently owns 49.5% of Cell C and is seeking final regulatory approval to buy an additional 4.04% stake. (Photograph by Lesley Moyo) Blue Label Telecoms has started making plans to exit Cell C through a separate JSE listing, in a complex restructuring that could result in both companies being debt-free. This morning,…
Blue Label Telecoms views Cell C CEO Jorge Mendes as an “executor”. (Photograph by Nicola Mawson) JSE-listed Blue Label Telecoms, rebranding to Blu Label Unlimited to amplify the market’s focus on its units as it spins Cell C out via a JSE listing, has admitted it failed in its initial execution of its purchase of…
Africa has an enormous ocean area at its disposal. There are almost 20 million square kilometres of ocean, seas and inland water that could be developed into environmentally sustainable blue economies. The G20 group of 19 of the world’s largest economies and the African Union also view the blue economy as key to developing the…
Flagship Asset Management’s Philip Short Blue Label Telecoms’ share price has plunged more than a quarter in the past two days after its annual results, published on Tuesday, appeared to disappoint investors. Philip Short of Flagship Asset Management has been particularly bullish about the prospects for Blue Label, in large part because of the emerging…
JSE-listed Blue Label Telecoms has taken a decisive step in its troubled, long-running association with Cell C, reversing a multibillion-rand impairment previously recognised against its stake in the mobile operator. The move reflects a marked improvement in Cell C’s equity valuation and signals Blue Label’s confidence in the mobile operator’s recovery trajectory. The move comes…
Prime Minister Elijah Ngurare, has urged African nations to embrace the blue economy as a central pillar of sustainable growth, food security, and regional integration, saying the continent’s future prosperity depends on how well it manages its oceans and waterways. Ngurare was speaking at a high-level thematic side event during the Ninth Tokyo International Conference…
Blue Label holds a non-controlling 49.5% stake in Cell C. (Photograph by Lesley Moyo) The Competition Tribunal has unconditionally approved the proposed merger in which Cell C will acquire Comm Equipment Company (CEC) from The Prepaid Company (TPC). This, after the Competition Commission last week recommended that the Competition Tribunal approve the deal without conditions….
Cell C’s Johannesburg headquarters. (Photograph by Lesley Moyo) Cell C’s precarious financial position came under the spotlight this morning, when the Competition Commission argued before the Competition Tribunal. At a hearing, the commission argued that the plan for Blue Label Telecoms to acquire control of the operator would effectively throw the country’s fourth-largest mobile network…
Blue Label Telecoms co-CEOs Mark and Brett Levy. JSE-listed company Blue Label Telecoms is looking to change its name. In a statement to shareholders today, the company advised that, subject to receipt of the requisite shareholder approval, the board of directors of Blue Label proposes to change the company’s name from “Blue Label Telecoms” to…
