Cell C puts assets up for sale as losses deepen
Blue Label shares have slumped 47% in 2019, and the group is now valued at R2.6bn
SA’s third-biggest mobile operator has put core parts of the business up for sale as it struggles with R9bn of debt and deepening losses.
Cell C’s fibre-optic network is among the assets up for grabs, according to people familiar with the matter. The carrier is also in talks to sell access to some of its wireless frequencies to larger rival MTN Group, said the people, who asked not to be named as the plans are private.