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Wireless

Cell C shareholders write off stakes to zero

Monday 23 September 2019 | 09:14 CET | News
Two shareholders in Cell C have been forced to write down the value in the South African mobile operator Blue Label Telecoms, the largest shareholder in Cell C, said in a trading statement that it was impairing its Cell C investments to nil for the year ended 31 May. Net1 UEPS Technologies, owning 15 percent of Cell C, issued a statement saying it believes the fair value of Cell C on 30 June (Net1's fiscal year end) is nil.

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