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Wireless

Blue Label signs airtime purchase deal with Investec and First Rand to recapitalise Cell C

Monday 30 August 2021 | 10:24 CET | News
Blue Label Telecoms, the largest shareholder in Cell C, says it has concluded a term sheet for an airtime purchase transaction with financiers Investec Bank and First Rand Bank. In a cautionary statement to its shareholders, Blue Label said proceeds are intended to be utilised for the recapitalisation of Cell C. This arrangement is subject to the conclusion of all legal documentation and fulfilment of all conditions precedent under it, and could have a material impact on the Blue Label share price

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