Cell C gets a new part-owner (and a R5.5 billion cash injection)

Cell C now has a brand-new, reshaped balance sheet.

Brett Levy

JSE-listed Blue Label Telecoms has announced it is buying a 45% stake in Cell C for R5.5 billion.

The transaction will take place through its subsidiary The Prepaid Company.

The Money Show’s Bruce Whitfield interviewed Brett Levy, joint-CEO at Blue Label Telecoms.

Scroll down for more quotes from the audio below.

For us its business as usual in terms of the other networks.

Brett Levy

There’s great opportunity; it’s not saturated at all.

Brett Levy

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Article brought to us by Old Mutual.


This article first appeared on 702 : Cell C gets a new part-owner (and a R5.5 billion cash injection)


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