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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 succeed it is not expected to survive.
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 succeed it is not expected to survive.
