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Cell C released its latest financial results last week, revealing that it remains technically insolvent following the Blue Label Telecoms recapitalisation deal. On 22 September, Blue Label concluded a deal to restructure and refinance Cell C and reduce its debt to give the mobile operator a healthier balance sheet. New money will also be injected into Cell...

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Cell C’s long wait for relief is over, as the debt-laden mobile operator has finally secured fresh funding to recapitalise the business. The painstakingly-long cash-raising exercise was led by the telco’s largest shareholder, Blue Label Telecoms, which today announced it had concluded binding agreements with key financial backers. The deal will see new money flow...

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Blue Label Telecoms, the largest shareholder in Cell C, said it Thursday that the recapitalisation of the mobile operator has finally been completed after years of negotiation. The news comes after Blue Label concluded “binding long-form agreements) with Cell C and various Cell C financial stakeholders, including certain shareholders and creditors of Cell C”. All conditions...

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The long-awaited Cell C recapitalisation is finally coming to an end, with the telco’s biggest shareholder announcing the process is expected to close by mid-September. Blue Label Telecoms, which holds a 45% stake in Cell C, says “binding long-form agreements” are expected to be completed in their entirety shortly. The JSE-listed company presented its performance...