Blue Label secures majority Cell C stake

Blue Label secures majority Cell C stake

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…

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Datatec CEO Jens Montanana lifts stake to R2.5bn

Datatec CEO Jens Montanana lifts stake to R2.5bn

Datatec CEO Jens Montanana. Datatec CEO Jens Montanana has increased his stake in the company to R2.5 billion through incremental share purchases, underscoring his confidence in the ICT distribution group. Before his latest share purchase yesterday, Montanana was already Datatec’s largest shareholder, surpassing the Public Investment Corporation (PIC), which is Africa’s biggest investment manager, with…

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Softbank pumps bn into struggling Intel, as Trump eyes stake

Softbank pumps $2bn into struggling Intel, as Trump eyes stake

Intel CEO Lip-Bu Tan. Japanese-based multinational conglomerate SoftBank and US-based chipmaker Intel have signed a definitive securities purchase agreement, under which SoftBank will make a $2 billion investment in Intel common stock. In a joint statement, the organisations say the investment comes as they deepen their commitment to investing in advanced technology and semiconductor innovation…

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Trump weighs US government taking stake in Intel

Trump weighs US government taking stake in Intel

Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters The Trump administration is in talks with Intel to have the US government potentially take a stake in the struggling chip maker, Bloomberg News reported on Thursday, citing people familiar with the plan. Such a move would mark another intervention by US President Donald Trump in industries seen as…

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