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Cell C owner explains why it is worth more than R98 million
Blue Label Telecoms recently announced that its subsidiary, The Prepaid Company, will pay R6 million to acquire an additional 6.09% stake in Cell C, representing 88,939,299 shares, from credit investor Gramercy.
This indicates a valuation for Cell C of just over R98.5 million. However, Blue Label has told MyBroadband that inferring an equity value based on the transaction would be inaccurate.
Blue Label Telecoms recently announced that its subsidiary, The Prepaid Company, will pay R6 million to acquire an additional 6.09% stake in Cell C, representing 88,939,299 shares, from credit investor Gramercy.
This indicates a valuation for Cell C of just over R98.5 million. However, Blue Label has told MyBroadband that inferring an equity value based on the transaction would be inaccurate.