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Wireless

Blue Label mulls new investors for Cell C after H1 loss

Monday 4 March 2019 | 09:17 CET | News
Blue Label Telecoms is considering offers for potential new investment in Cell C, after posting a first-half loss partly caused by its interest in the mobile operator, Bloomberg reported. Blue Label led a rescue of Cell C two years ago, but the unit is struggling with debt and the dominance of larger rivals. Cell C knocked ZAR 1.05 billion off Blue Label's first-half core headline earnings, said Blue Label, and the shares fell as much as 21 percent, the most since 2008. 

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Categories: Mobile & Wireless
Companies: Blue Label Telecoms / Cell C
Countries: South Africa
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