Cell C to become a subsidiary of Blue Label Telecoms
Blue Label Telecoms has agreed to acquire control of Cell C, taking its shareholding beyond 50%.
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Blue Label Telecoms has agreed to acquire control of Cell C, taking its shareholding beyond 50%.
Blue Label Telecoms, which owns about 49.5% of Cell C, looks set to make an offer to take control of the company in the coming months.
Blue Label Telecoms, which owns about 49.5% of Cell C following the mobile operator’s recent recapitalisation, looks set to make an offer to take control of the company in the coming months. Blue Label co-CEO Brett Levy, speaking to TechCentral at the JSE-listed company’s interim results announcement on Thursday, said it’s likely to…
Blue Label Telecoms, the largest shareholder in Cell C, may seek to buy a majority and controlling stake in the mobile operator.
‘We still believe the opportunity is there and hopefully some of these pressures will ensure that everybody puts shoulders to the wheel’: Tshepo Mahloele – chair, Takatso Consortium.