Blue Label to update investors on 'key business developments'

after reporting its full-year results and a month after concluding the recapitalisation of mobile operator Cell C, JSE-listed Blue Label Telecoms has called a meeting to update investors on “key business developments”.

The investor update, which is scheduled for 5.30pm on Wednesday, will be addressed by co-CEOs Mark Levy and Brett Levy. Blue Label did not provide any details about why it is taking the unusual step of updating shareholders outside of its usual six-monthly results presentations. There hasn’t been any news flow to provide clues as to why Blue Label is updating investors this week.

Last week, Blue Label announced that Gary Harlow, a well-known businessman, had resigned as an independent non-executive director on the company’s board. He had been a director of Blue Label for more than a decade.“Mr Harlow has made an outstanding contribution to Blue Label and the board for well over a decade.

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