27 February 2022 - 00:00With the long-awaited fundraising programme for Cell C weighing heavily on Blue Label, which owns 45% in the mobile network company, the joint CEOs of the JSE-listed prepaid group raised their frustrations this week about the negative sentiments from investors.
Blue Label bought the stake in Cell C for R5.5bn five years ago, but the investment turned into a damp squib as Cell C struggled to be profitable amid high debt and heightened competition in the sector...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.
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