Blue Label Telecoms shares have surged 71% in the past year, fueled by anticipation of a Cell C turnaround. Icasa has officially approved the transfer of Cell C's spectrum and network licenses to Blue Label, marking a significant step towards Blue Label assuming full control of the mobile operator. While Cell C will retain its licenses and continue providing services, Blue Label's 49.5% stake is poised to solidify its dominance. This move follows a series of recapitalizations by Blue Label aimed at rescuing Cell C from financial distress.
Blue Label Telecoms shares have gained 71% in the past 12 months on the expectation of a turnaround at Cell C . Icasa has approved the transfer of Cell C ’s spectrum and network licences to Blue Label Telecoms , paving the way for the JSE-listed technology company to take control of the mobile operator .
Cell C will continue to hold its licences post-transaction and will continue to provide the licensed services At Icasa hearings last September, Cell C said its application to transfer the licences to Blue Label subsidiary The Prepaid Company did not represent a “stripping of assets” by Blue Label as some stakeholders, including Cell C’s empowerment shareholder CellSAf, had claimed.
Blue Label Telecoms Cell C Icasa Spectrum Licenses Mobile Operator
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