Cell C still technically insolvent
Blue Label Telecoms has reversed its impairment of Cell C and started recognising its share of the mobile operator's profits and losses. However, Cell C remains technically insolvent.
In its financial statements for the year ended 31 May 2025, Blue Label reported that Cell C had assets worth R15 billion, while its liabilities were close to R16.1 billion.
Blue Label Telecoms has reversed its impairment of Cell C and started recognising its share of the mobile operator's profits and losses. However, Cell C remains technically insolvent.
In its financial statements for the year ended 31 May 2025, Blue Label reported that Cell C had assets worth R15 billion, while its liabilities were close to R16.1 billion.
