Blue Label Telecoms
5:00
Tuesday

Cell C open to negotiations amid talk of China Mobile interest

The mobile operator responds to speculation about China Mobile’s interest in the company.

4:50
27 Sep

Cell C will be profitable, says CEO, rules out merger

Douglas Craigie Stevenson believes the telco still has a fighting chance to reverse its fortunes and says business rescue is unthinkable.

3:20

Blue Label eyes R1bn asset sales to cut debt

The company will use the funds obtained from the proposed transactions to reduce its current interest-bearing debt.

2:00

JSE threatens Blue Label with suspension over delayed results

If the company fails to submit its provisional report on or before 30 September 2019, then its listing may be suspended, says JSE.

1:50
Sep 10, 2019

Cell C shareholder Net1 delays results

The company reschedules the release of its results, seeking clarifications in respect of the proposed transactions at Cell C.

4:40
Aug 23, 2019

Cell C is technically insolvent, says analyst

Analysts begin to question whether Cell C, with a debt albatross of R6 billion, is a going concern or not.

2:10

Blue Label expects earnings decline, delays financial results

Cell C’s majority shareholder expects headline and core headline earnings per share to decrease by more than 20%.

3:50
Aug 7, 2019

Cell C appoints Craigie Stevenson CEO, extends MTN roaming deal

A busy day at Cell C as it appoints Douglas Craigie Stevenson as its permanent CEO, while extending its roaming deal with MTN.

2:30
Jul 17, 2019

MTN engages Comp Commission, Eliovect cries foul

The Competition Commission probes Eliovect’s allegations that MTN and Cell C are colluding with Blue Label to block black service providers.

3:10

BEE group wants Blue Label investigated for monopoly

An empowerment consortium claims the JSE-listed company has the prepaid airtime market monopoly and demands an immediate resolution.

2:10

Blue Label reassures investors over Cell C

No material concerns have been uncovered as a result of Cell C’s new management conducting a deep dive into its business practices, says Blue Label Telecoms.

4:40
Jul 11, 2019

Cell C boss pursues recapitalisation, freezes jobs, reviews contracts

Shareholder Blue Label’s shares tumble in morning trade as Cell C interim CEO Douglas Craigie Stevenson issues an unflattering open letter outlining the company’s challenges.

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