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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...

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Blue Label Telecoms co-CEO Brett Levy said on Wednesday that the long-awaited recapitalisation of debt-laden mobile operator Cell C will be completed by no later than May this year. The long-running process, which has taken years of intricate negotiation, is nearing its conclusion, with the money now secured and all stakeholders in alignment, Levy said. Cell...