Blue Label says talks over Cell C debt continue

Thursday 14 October 2021 | 17:49 CET | News
South Africa's Blue Label Telecoms cautioned shareholders that it remains in talks about a recapitalisation of mobile operator Cell C, in which it holds a 45 percent stake, TechCentral reported. The updated cautionary notice by the company, which is required in terms of the bourse's listing rules, comes after Blue Label said on 26 August that its wholly owned subsidiary, The Prepaid Company, owner of the Cell C stake, signed a term sheet for an airtime purchase transaction with Investec, Rand Merchant Bank and other financiers for the recapitalisation.

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