Blue Label Telecoms said on Monday that it is still locked in talks over a planned recapitalisation of debt-laden mobile operator Cell C, in which it holds a 45% stake. The JSE-listed company first announced three months ago that it was in negotiations about the recap with Investec and other lenders. It issued a further cautionary...
Blue Label Telecoms’ airtime distribution agreement with Vodacom was set to terminate at end of January 2021 but has been temporarily extended. This is according to Blue Label Telecoms head of investor and media relations Nicola White who was responding to questions from MyBroadband. Blue Label Telecoms is a specialist in prepaid products and the...
Blue Label Telecoms will take a R330-million knock to its earnings after it decided to close its WiConnect retail stores, which it opened in partnership with Edcon Group starting in 2015, with Covid-19 taking the blame for driving the stores to the wall. The decision will knock Blue Label’s basic earnings for the 12 months ended...
