blue label telecoms

  1. 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...
    • Jan
    • Thread
    • blue label telecoms huge group mtn phuthuma nhleko pieter uys ralph mupita shameel joosub sizwe nxasana telemasters telkom vodacom
    • Replies: 2
    • Forum: Broadband and IT News
  3. 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...
  4. 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...
    • Jan
    • Thread
    • blue label telecoms brett levy cell c mark levy the prepaid company
    • Replies: 3
    • Forum: Broadband and IT News
  5. Jan

    Cell C recapitalisation delayed - Blue Label now expects deal close end-August

    Transaction to save Cell C delayed Blue Label Telecoms has notified shareholders that the finalisation of Cell C's recapitalisation has been delayed. "Certain of the binding long form agreements are not yet in final execution form and are in the process of finalisation," Blue Label said.
  6. Jan

    South African telecoms share prices 2022 year-to-date comparison

    South African telecoms share prices in 2022 — From best to worst for the year so far Telkom's share price took the biggest beating of JSE-listed telecommunications companies in 2022 — until news broke that it is in acquisition talks with MTN. The price of a Telkom share slumped nearly 37%...
    • Jan
    • Thread
    • blue label telecoms huge group johannesburg stock exchange (jse) mtn telemasters telkom vodacom
    • Replies: 0
    • Forum: Broadband and IT News
  7. Jan

    South Africa's best-paid telecoms CEO

    Best paid telecoms CEO in South Africa The best-paid telecoms CEO in South Africa is MTN Group's Ralph Mupita, who received a salary package of R84.2 million rand over the 2020/21 financial year (FY). Mupita's pay for the year was almost R17 million more than the next-highest paid telecom CEO...
    • Jan
    • Thread
    • blue label telecoms brett levy huge group jaco-muller voigt james herbst mark levy mtn ralph mupita shameel joosub sipho maseko telemasters telkom vodacom
    • Replies: 2
    • Forum: Broadband and IT News
  8. Jan

    Cell C recapitalisation nears conclusions as senior lenders vote to take 80% haircut

    Cell C lenders vote to take 80% loss on their debt to save company Cell C's secured lenders, who formerly held publicly listed bonds or notes, have voted in favour of a compromise cash-out offer of 20c for every R1 of debt. The mobile operator said this marks a critical milestone in its...
  9. Jan

    Existential Cell C debt vote meeting postponed

    Crucial Cell C meeting postponed after curious punctuality problem A meeting for Cell C's priority creditors to vote on whether they will take an 80% haircut on their debt to facilitate the operator's recapitalisation plan has been postponed. Cell C has not been able to pay its debts, and...
  10. Jan

    Cell C is technically insolvent - without a recapitalisation deal it's stuck

    Cell C heading for bankruptcy — unless a deal is struck Cell C is technically insolvent and is heading for bankruptcy unless a deal is struck to recapitalise the company. Cell C's latest financial results show the company's total liabilities of R21.4 billion far exceed its total assets of R8.2...
    • Jan
    • Thread
    • blue label telecoms brett levy cell c the prepaid company
    • Replies: 45
    • Forum: Broadband and IT News
  11. Jan

    Bond process launched in next step to recapitalise Cell C

    Blue Label launches bond process to save Cell C Cell C has called a meeting of debtors to vote on whether they will take an 80% haircut on their debt as part of a deal to recapitalise the mobile operator. The company has not been able to pay its debts, and should the recapitalisation not...
  12. Jan

    Suveer Ramdhani's journey from Seacom to BluNOVA - and his tech choices

    Suveer Ramdhani — From building Seacom to creating a new AI engine Former Seacom executive Suveer Ramdhani is one of South Africa's unsung heroes who played a pivotal role in making uncapped broadband possible. Ramdhani's professional journey started at Eskom as a project manager after...
    • Jan
    • Thread
    • blue label telecoms blunova brett levy brian herlihy mark levy seacom suveer ramdhani
    • Replies: 0
    • Forum: Broadband and IT News
  13. Jan

    "Significant step" in Cell C recapitalisation

    Cell C recapitalisation inches closer Blue Label Telecoms has announced that it signed a non-binding term sheet with key stakeholders as part of Cell C’s recapitalisation. "This is a significant step in the transition to ensure a sustainable debt profile for the mobile operator," Blue Label...
  14. Jan

    South African tech shares — one company up 1,100% in ten years

    South African tech shares — one company up 1,100% in ten years South African tech stocks have experienced a lot of volatility over the last decade, with the best-performing share, Alaris, gaining 1,100% and the worst-performing share, Ellies, losing 90.2%. The global tech stock rally over the...
    • Jan
    • Thread
    • adapt it alaris alviva blue label telecoms ellies eoh mtn mustek silverbridge tech stocks telemasters telkom vodacom
    • Replies: 0
    • Forum: Broadband and IT News
  15. Jan

    How will Cell C pay for the spectrum auction?

    Big Cell C spectrum question Cell C’s 45% owner Blue Label Telecoms has declined to reveal where the money would come from for the cellular operator to buy additional radio frequency spectrum this week. Spectrum is the raw network capacity operators use to communicate between their towers and...
    • Jan
    • Thread
    • blue label telecoms brett levy cell c independent communications authority of south africa (icasa)
    • Replies: 3
    • Forum: Broadband and IT News
  16. Jan

    Blue Label Telecoms cagey about fraud uncovered at subsidiary

    Secrecy around fraud at Blue Label Telecoms There is a veil of secrecy around a multi-million-rand fraud scheme that was uncovered at Blue Label Telecoms. The company alerted shareholders in its latest financial results announcement about a fraudulent scheme that had operated at a subsidiary...
  17. Jan

    Blue Label uncovers fraud - executives sign over R315 million in assets

    Huge fraud at Blue Label Telecoms uncovered Blue Label Telecoms has uncovered a large fraudulent scheme, operating since 2015, perpetrated by two former senior executives of a subsidiary company. The fraudulent transactions were performed primarily outside the course and scope of the...
  18. Jan

    Cell C swings from R1.2 billion profit to R832 million loss

    Cell C records R832 million loss Struggling mobile network operator Cell C recorded an after-tax loss of over R832 million between June 2021 and November 2021. This was revealed in Blue Label Group's financial results for the six months ended November 2021.
    • Jan
    • Thread
    • blue label telecoms cell c richard cheeseman richard cheesman
    • Replies: 27
    • Forum: Broadband and IT News
  19. Jan

    Blue Label Telecoms details put option deal involving Cell C solvency

    Earnings jump for Cell C owner Blue Label Telecoms Blue Label Telecoms has released its interim results for the six months ended 30 November 2021, showing a 20% increase in gross profit from R1.14 billion last year to R1.36 billion. Its gross profit margin also increased from 11.87% to 14.93%...
    • Jan
    • Thread
    • airvantage blue label mobile group blue label telecoms digital ecosystems (pty.) ltd.
    • Replies: 0
    • Forum: Broadband and IT News
  20. Jan

    Blue Label reveals Project Boston - the contract subscriber deal between Cell C, CEC, and Vodacom

    Project Boston — Details about "secret" deal between Cell C, Blue Label, and Vodacom Blue Label Telecoms has for the first time revealed some of the details of Project Boston, a deal that has seen Cell C’s whole postpaid subscriber base migrated onto the Vodacom network. There was widespread...
    • Jan
    • Thread
    • blue label telecoms cell c comm equipment company (cec) project boston vodacom
    • Replies: 1
    • Forum: Broadband and IT News
  21. Hanno Labuschagne

    Blue Label Telecoms says it is confident Cell C will be saved

    Blue Label Telecoms says it is confident Cell C will be saved Blue Label Telecoms said it is confident that Cell C will continue as a going concern for a while, and that it will eventually be recapitalised. This is according to Blue Label Telecoms’ unaudited interim results for the six months...
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