Cell C has significantly cut the offer price for its upcoming listing on the Johannesburg Stock Exchange (JSE), reducing its expected market capitalization by hundreds of millions of Rands. Read: Discovery Bank partners with Luno in SA for crypto trading In an update to investors on Friday, Blu Label Unlimited Group, Cell C’s largest shareholder,…
Cell C is set to list on the JSE on 27 November. (Photograph by Nicola Mawson) Cell C is on track to debut on the JSE – which ITWeb understands will be next Thursday – as planned, despite a legal challenge of a 2024 approval of a change in majority ownership. The network operator’s former…
Cell C has cut the offer price for its imminent JSE debut, trimming as much as R3.50/share off the bottom of the original range and knocking roughly R1-billion to R3-billion off its hoped-for valuation. In an update to investors on Friday, Blu Label Unlimited Group, Cell C’s largest shareholder, said it has approved a final…
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 – a range that implies a post-listing market capitalisation of between R9.5-billion to R12.1-billion, depending on the final share count and whether an over-allotment is exercised. The transaction is a secondary sale by…
Cell C Holdings has officially announced its intention to list its ordinary shares on the Johannesburg Stock Exchange (JSE), a strategic move the mobile operator says will streamline its balance sheet, simplify a historically complex structure, and support its next phase of growth. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: Supersonic plane takes flight!…
Cell C CEO Jorge Mendes. (Photograph by Nicola Mawson) Blu Label Unlimited, formerly Blue Label, has officially confirmed to shareholders that Cell C will be listing as a separate entity on the JSE, simultaneously creating an empowerment vehicle worth R2.4 billion. Cell C is expected to list towards the end of the year, ITWeb sources…
Cell C Holdings has announced its intention to list on the JSE, a move the mobile operator said will streamline its balance sheet, elevate its brand and support its next phase of growth. The listing announcement, which had been expected, said all of Cell C’s issued ordinary shares will be admitted to trading on the…
The Johannesburg Stock Exchange listing will help Cell C clean up its balance sheet. Cell C, South Africa’s fourth largest mobile operator, says its planned listing on the JSE will help the company get out of most of its R14 billion debt and increase its profile and credibility. This was the word from CEO Jorge…
New York — Africa’s health agency has called for urgent action on sickle cell disease, warning that most of the 300,000 babies born with the condition each year on the continent die before their fifth birthday, despite cheap and effective treatments. “Sickle cell disease has silently devastated families across Africa for generations,” said H.E. Dr….
Blu Label Unlimited Group could pay a special dividend to its shareholders should it be successful in its planned listing of Cell C on the JSE next year. The company, which is in the process of taking control of Cell C, has given itself until the end of April 2026 to bring the mobile operator…
