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Wireless

Cell C wants ZAR 4 bln of fresh capital - report

Friday 2 July 2021 | 10:15 CET | News
Cell C is in advanced talks with FirstRand unit Rand Merchant Bank and Investec to provide the South African mobile operator with about ZAR 4 billion of fresh capital, Bloomberg reported, citing people familiar with the matter. The company, partly owned by Blue Label Telecoms, is nearing the end of a recapitalisation plan to pay down debt, said the sources, who asked not to be identified as the information is still private.

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