BLUE Label Telecoms expects to complete its acquisition of a 35% stake in Cell C for R4bn before the end of 2016.The acquisition is part of the process of recapitalising SA’s third mobile network operator."There are no warning lights; everything is on track. We are ensuring that everything that we have put in the contract is being done," said Blue Label Telecoms joint CEO Mark Levy.He did not anticipate any competition or regulatory challenges, as the deal will not result in a change of control of the business. Levy is confident that Cell C will meet the required 30% black shareholding needed by the regulator to bid for spectrum licences.Blue Label distributes and sells prepaid products such as airtime and electricity; it also has mobile payments, entertainment, and ticketing businesses.READ THIS: Timing of spectrum release critical for telecommunications planningThe company has expanded into the technology hardware market, through its partnership with Edgars. The companies opened 5...
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