Blue Label readies for Cell C listing to clear debt

Blue Label readies for Cell C listing to clear debt

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,…

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Why the Blue Label share price is taking a beating

Why the Blue Label share price is taking a beating

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…

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Cell C comeback supercharges Blue Label

Cell C comeback supercharges Blue Label

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…

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Africa: How to Harness the Ocean for Prosperity – Funding African Innovations Can Unlock the Blue Economy

Africa: Ngurare Pitches Blue Economy As Africa’s Future

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…

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Blue Label readies for Cell C listing to clear debt

Cell C’s merger deal with Blue Label’s CEC approved

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….

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Blue Label readies for Cell C listing to clear debt

Blue Label deal a ‘lifeline’ for Cell C, says CompCom

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…

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Blue Label seeks shareholder approval to change name

Blue Label seeks shareholder approval to change name

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…

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