blue label telecoms

  1. Jan

    Cell C media liaison asked MyBroadband to delete article about Blue Label financials

    Uncertainty about Blue Label's finances around Cell C Making heads or tails of Cell C’s finances is so challenging that even the mobile operator itself was surprised when Blue Label published its latest results. When MyBroadband reported Cell C’s latest figures from Blue Label’s annual...
  2. Jan

    Cell C revenue drops 11% while after-tax profits surge 289%

    Cell C sees huge drop in revenue — and massive increase in profits Blue Label Telecoms reports that Cell C’s revenue declined by 10.9% from R13.3 billion to R11.9 billion. At the same time, Cell C’s after-tax profits swung from a R2.4 billion loss to a R4.6 billion profit — an increase of 289%.
  3. Jan

    Douglas Craigie Stevenson resigns as Cell C CEO

    Cell C CEO resigns Douglas Craigie Stevenson has resigned as CEO of Cell C, effective 31 March 2023. Blue Label Telecoms, a major publicly-traded stakeholder in Cell C, informed shareholders of Craigie Stevenson’s resignation via the JSE news service.
  4. Jan

    Attacq lists R31 million owed by Cell C as "expected credit loss"

    Cell C owes landlord millions Cell C’s landlord Attacq’s results for the six-month period ending 31 December 2022 revealed that it expects R31.1 million of Cell C’s outstanding rent not to be recovered. Cell C rents its campus from Attacq, a real estate investment trust (REIT), and has been...
  5. Jan

    Blue Label mulls taking control of South African carrier Cell C

    Blue Label could take control of Cell C South Africa’s Blue Label Telecoms Ltd. is considering taking a controlling stake in the nation’s fourth-largest wireless carrier as it seeks to have more say in a company in which it is already the largest shareholder. Blue Label could convert debt held...
  6. Jan

    Cell C's extremely complicated employee shareholding scheme

    This is who owns Cell C Cell C’s shareholders are Blue Label Telecoms, the Employee Believe Trust, Nedbank, CellSAf, Net1, and Gramercy. It was revealed during an analyst presentation about Cell C by Blue Label Telecoms co-CEO Brett Levy.
  7. Jan

    Fact-checking Blue Label statements about Cell C's biggest assets

    Cell C fact-check Blue Label Telecoms co-CEO Brett Levy said they are upbeat about Cell C’s prospects because it has five excellent assets. These assets are Cell C’s brand, spectrum, assessed losses, the prepaid engine, and the mobile virtual network operator (MVNO) market.
  8. Jan

    Cell C avoiding price war as Blue Label considers total takeover

    Cell C avoiding price war as Blue Label considers total takeover Blue Label co-CEO Brett Levy told investors Thursday that Cell C will not engage in a price war with MTN, Vodacom, and Telkom’s mobile division. “We are not getting into any dogfights. We are not getting into any war with any...
  9. Jan

    Cell C's 2017 and 2022 recaps compared

    We compared Cell C's company-saving deals — and it looks worse-off now than in 2017 When Cell C CEO Douglas Craigie Stevenson unveiled Cell C’s latest results on 29 September, he was upbeat about their prospects following the long-awaited recapitalisation deal. With a reduced debt burden...
  10. Jan

    Cell C remains technically insolvent

    Cell C still has massive financial problems 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...
  11. Jan

    Cell C releases financial results for 2021, H1 2022, and network update

    Cell C reports R1.6 billion profit, then R1.09 billion loss Cell C has reported earnings before interest and tax of R1.6 billion for its 2021 financial year, followed by a loss of R1.09 billion in the first half of 2022. Its earnings for the year ended 31 December 2021 improved from a R3.5...
  12. Jan

    South Africa's biggest telcos by market cap (or valuation)

    Biggest telecoms companies in South Africa — Vodacom vs MTN and Telkom vs CIVH MTN is the most valuable telecommunications company in South Africa, with a market capitalisation of R228.15 billion, beating its main rival Vodacom which has a market cap of R224.62 billion. A company's market...
  13. Jan

    Cell C's prospects look much better - but can it pay its debts?

    Cell C much stronger — but big questions remain 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. As part of the deal, new money will be injected into Cell C to stabilise the company and...
  14. Jan

    Cell C's second recapitalisation finally goes through

    Blue Label closes deal to try and save Cell C Blue Label Telecoms has announced that the restructuring of Cell C’s balance sheet is complete after three years of work. The company said it had concluded binding long-form agreements with Cell C and various Cell C financial stakeholders...
  15. Jan

    Cell C giving up its walk-in centre and warehouse at Midrand headquarters

    Goodbye Cell C headquarters walk-in customer care centre Cell C has vacated the walk-in customer care centre at its Midrand campus, and real estate investment trust Attacq is waiting for the mobile operator to hand it back. Attacq also revealed in its annual results on Tuesday that it has...
  16. Jan

    Questions over Blue Label claim that Cell C would've made R1.5-R2 billion profit

    Big questions about Cell C's finances Cell C will release its latest financial results next week, and investors will take a keen interest because of the impact on Blue Label Telecoms. On 24 August 2020, Blue Label Telecoms informed shareholders that Cell C’s recapitalisation process had been...
  17. Jan

    Cell C CFO Zaf Mahomed resigns

    Cell C chief financial officer resigns Cell C has announced that chief financial officer Zaf Mahomed is leaving the company. Lerato Pule will replace him as Cell C’s CFO from tomorrow, 1 September 2022. “Pule joined the leadership team earlier this year to ensure a smooth handover and will...
  18. Jan

    Telecoms CEOs that achieved the best shareholder returns in South Africa

    South Africa's best telecoms CEOs for shareholder returns An analysis by Daily Investor revealed that Sizwe Nxasana, Ralph Mupita, and Phuthuma Nhleko are the telecommunications CEOs who provided the best shareholder returns. For this analysis, Daily Investor looked at the shareholder returns...
  19. Jan

    Blue Label announces another delay to Cell C recap transaction

    Cell C rescue transaction delayed again Major Cell C shareholder Blue Label Telecoms says that a recapitalisation transaction to save the troubled network operator has been pushed back again. The announcement came in a JSE news service announcement on Wednesday, ahead of Thursday's release of...
  20. Jan

    Blue Label's big Cell C bet that destroyed R16 billion in shareholder value

    Blue Label bet big on Cell C — and lost big Blue Label Telecoms’ decision to buy Cell C has destroyed billions in shareholder value, but it has not deterred the company from pumping more money into the mobile operator. Blue Label’s journey with Cell C started in August 2017 when its...