Blue Label Telecoms sold Rain to buy Cell C

Bradley Prior

MyBroadband Journalist
Staff member
Super Moderator
Joined
Oct 16, 2018
Messages
2,587
Blue Label Telecoms sold Rain to buy Cell C

Blue Label Telecoms’ decision to buy a 45% stake in Cell C for R5.5 billion was punished by the market, with its share price plummeting from around R21.00 per share to R4.33 per share.

This share price slump shaved billions off the value of Blue Label Telecoms, and even its co-CEOs punting a successful turnaround of Cell C did not help.
 

rpm

Admin
Staff member
Joined
Jul 22, 2003
Messages
65,264
What a misleading article heading, WOW.
Why would you say that? It is exactly what happened - Blue Label had an operator which holds spectrum, sold it, and then bought Cell C. They could not hold on to Rain and purchase Cell C - would not have worked with ICASA and CompCom.
 
Last edited:

lowriderza

Expert Member
Joined
May 23, 2019
Messages
1,464
What a misleading article heading, WOW.
Yes I reread that article a few times and nowhere does it even make mention of any facts in support of the headline. This writer specifically seems to be a hit-or-miss one.

Edit: in all fairness the byline says Staff Writer so the OP isn't necessarily the writer. My apologies.
 
Last edited:

freematrix

Senior Member
Joined
Mar 7, 2007
Messages
602
Why would you say that? It is exactly what happened - Blue Label had an operator which holds spectrum, sold it, and then bought Cell C. They could hold on to Rain and purchase Cell C - would not have worked with ICASA and CompCom.
@rpm They did not sell RAIN. The headline is therefore misleading. They sold WBS which was also a disaster. RAIN came out the ashes from WBS and is now successfully run under new management. But its becoming far to common with MYBB at the moment. Ill wait for next Afrihost punt.
 

lowriderza

Expert Member
Joined
May 23, 2019
Messages
1,464
Why would you say that? It is exactly what happened - Blue Label had an operator which holds spectrum, sold it, and then bought Cell C. They could hold on to Rain and purchase Cell C - would not have worked with ICASA and CompCom.
With all due respect (and I'm really being sincere) @rpm , nowhere in the article does it state those things you mentioned. I don't know who has Editor duties at your site, but they might want to up their game. Have you read the article?
 

konfab

Honorary Master
Joined
Jun 23, 2008
Messages
22,718
Why would you say that? It is exactly what happened - Blue Label had an operator which holds spectrum, sold it, and then bought Cell C. They could not hold on to Rain and purchase Cell C - would not have worked with ICASA and CompCom.
The company called "RAIN" did not exist.
 

Ipwn 4

Expert Member
Joined
Nov 6, 2010
Messages
1,727
@rpm They did not sell RAIN. The headline is therefore misleading. They sold WBS which was also a disaster. RAIN came out the ashes from WBS and is now successfully run under new management. But its becoming far to common with MYBB at the moment. Ill wait for next Afrihost punt.
Another quality click bait post by the geniuses at mybb.
 

Nemus

Expert Member
Joined
Oct 12, 2012
Messages
1,074
Why would you say that? It is exactly what happened - Blue Label had an operator which holds spectrum, sold it, and then bought Cell C. They could not hold on to Rain and purchase Cell C - would not have worked with ICASA and CompCom.
Rain did not exist, therefore they could not possibly have sold it.
Rain exists because of the WBS failure and if BL did not sell their stake, Rain probably would not have come to fruition due to its required stakeholders having never bought into it.
 

Swa

Honorary Master
Joined
May 4, 2012
Messages
23,430
@rpm They did not sell RAIN. The headline is therefore misleading. They sold WBS which was also a disaster. RAIN came out the ashes from WBS and is now successfully run under new management. But its becoming far to common with MYBB at the moment. Ill wait for next Afrihost punt.
How I see it as well. If they didn't sell WBS Rain would most likely never have existed under their management. The timing of this also makes the headline seem like Rain's shareholders are selling it to now buy Cell C. Sensationalism at its best.
 

yebocan

Honorary Master
Joined
Sep 22, 2005
Messages
10,298
Last edited by a moderator:

roguemat

Expert Member
Joined
Dec 13, 2005
Messages
2,025
@rpm all of the tech people I know have started considering mybb a joke. Lots, like me, literally only come here for the occasional laugh of how outrageously clickbaity and flat out deceptive the articles now are. I've actually discussed this a lot with people at our local tech conferences, and it seems pretty widespread.

I'm sure you're getting tons of extra traffic from the older generation, but please realize that you're not even remotely taken seriously by most people in the industry anymore.

P.s. this is coming from someone who has been around here since the early days. Even wrote a mobile app for the site back on the good old days.
 
Last edited:

rpm

Admin
Staff member
Joined
Jul 22, 2003
Messages
65,264
@rpm all of the tech people I know have started considering mybb a joke. Lots, like me, literally only come here for the occasional laugh of how outrageously clickbaity and flat out deceptive the articles now are. I've actually discussed this a lot with people at our local tech conferences, and it seems pretty widespread.

I'm sure you're getting tons of extra traffic from the older generation, but please realize that you're not even remotely taken seriously by most people in the industry anymore.

P.s. this is coming from someone who has been around here since the early days. Even wrote a mobile app for the site back on the good old days.
Over the years you have consistently reminded us how bad we are and that you hate MyBroadband. I think it is a feather in our cap that you continue to visit MyBroadband despite disliking us so much. If we can achieve that with you, I think we are on the right track ;)
 
Last edited:

Dave

Honorary Master
Joined
Aug 31, 2008
Messages
49,806
@rpm all of the tech people I know have started considering mybb a joke. Lots, like me, literally only come here for the occasional laugh of how outrageously clickbaity and flat out deceptive the articles now are. I've actually discussed this a lot with people at our local tech conferences, and it seems pretty widespread.

I'm sure you're getting tons of extra traffic from the older generation, but please realize that you're not even remotely taken seriously by most people in the industry anymore.

P.s. this is coming from someone who has been around here since the early days. Even wrote a mobile app for the site back on the good old days.
:laugh::ROFL::laugh::ROFL:

You think your amateurish attempt at a forum gives you some right to criticise how he operates MyBB? If anything, you should be asking @rpm for advice on how to try and make your forum a bit more successful.
 

TheExaminedLife

New Member
Joined
May 20, 2017
Messages
9
@rpm all of the tech people I know have started considering mybb a joke. Lots, like me, literally only come here for the occasional laugh of how outrageously clickbaity and flat out deceptive the articles now are. I've actually discussed this a lot with people at our local tech conferences, and it seems pretty widespread.

I'm sure you're getting tons of extra traffic from the older generation, but please realize that you're not even remotely taken seriously by most people in the industry anymore.

P.s. this is coming from someone who has been around here since the early days. Even wrote a mobile app for the site back on the good old days.
a0f8c9f29ec4113f00fd8f90eb7b7102.jpg
 

Swa

Honorary Master
Joined
May 4, 2012
Messages
23,430
@rpm all of the tech people I know have started considering mybb a joke. Lots, like me, literally only come here for the occasional laugh of how outrageously clickbaity and flat out deceptive the articles now are. I've actually discussed this a lot with people at our local tech conferences, and it seems pretty widespread.

I'm sure you're getting tons of extra traffic from the older generation, but please realize that you're not even remotely taken seriously by most people in the industry anymore.

P.s. this is coming from someone who has been around here since the early days. Even wrote a mobile app for the site back on the good old days.
Well to be fair nobody in the tech industry has ever taken it seriously. It's got a different target market.
 
Top