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2:50

Analysts warn of Cell C strain due to prolonged recap deal

As the telco’s biggest shareholder renews its recapitalisation caution, industry watchers consider the impact of the prolonged refinancing discussions.

2:00
Sep 6, 2021

Cell C tightens screws after losing R130m through fraud

The company’s management implements a business turnaround plan that it says includes robust governance processes to improve fraud prevention.

4:10

Airtime purchase deal with Investec, First Rand to refinance Cell C

Blue Label Telecoms advises shareholders there is silver lining for Cell C, after the conclusion of an airtime purchase deal with Investec and First Rand Bank.

3:10

Blue Label confident of Cell C recap, but no timelines

Cell C’s largest shareholder says the mobile operator will be saved and get fresh funding, but will not commit to timelines as to when this will happen.

1:30

Blue Label expects positive turn in six-month results

The telco credits the disposal of its shareholding in its Mexico business for impacting financials positively.

4:50
Oct 20, 2020

Cell C records R7.5bn loss, prepaid subscriber base plunges 34%

The telco remains optimistic despite the losses, saying it’s focused on restructuring the balance sheet and optimising the business for long-term competitiveness.

2:30

Court grants Blue Label interdict against labour union

The court interdicts the union from breaking into Blue Label’s offices, damaging property, intimidating and threatening customers on the premises.

2:10
Oct 2, 2020

Political party demands Cell C halt retrenchments

African Democratic Change will march to Cell C head office on Tuesday, demanding that all staff already retrenched be reinstated immediately.

2:50

Cell C’s recap lifeline close, says shareholder Blue Label

The largest shareholder of Cell C says the telco will be recapped this year, as the key partners have made inroads in negotiating the funding deal.

4:40

FNB Connect awaits stability at Cell C to scale

The bank wants stability at the financially-constrained telco in order to fully grow its mobile virtual network business.

3:20

Blue Label back in the black as Cell C pain thaws

After the Cell C write-down, the company returns to profitability following two consecutive years of loss.

2:00

Blue Label to return to profitability after Cell C write-down

The company is expecting to return to profitability after writing down its shareholding in Cell C to nil.

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