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…
Cell C is looking to cement its position as the leading network for mobile virtual network operators (MVNOs) in South Africa — even as rival MTN launches a challenge to its dominance. In an investor presentation published by its main shareholder, Blu Label Unlimited Group, on Tuesday, Cell C outlined its strategy as it undertakes…
In a move described as a “significant milestone”, Blu Label Unlimited Group – previously Blue Label Telecoms – has been given the green light by the Competition Tribunal to take control of mobile operator Cell C. The JSE-listed group said in a statement to investors on Thursday that The Prepaid Company – the Blu Label…
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,…
Cell C’s largest shareholder, Blue Label Telecoms, on Monday announced that an agreement has been reached on a major restructuring involving the mobile operator ahead of its likely (but still not confirmed) listing on the JSE in 2026. “The pre-listing restructuring encompasses various transactions aimed at optimising Cell C’s capital structure and balance sheet in…
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…
Cell C announced that it has achieved profitability for the financial year ending May 31, 2025, marking a significant turnaround in its financial performance. The news was revealed in the annual results released by its owner, Blue Label Telecoms. While the mobile operator reported a net profit after tax of R2.2 billion, it remains technically…
