Blue Label leaps as it announces return to profit, store closures
The process, now more than a year and half in, has proved more difficult to complete than initially expected
27 August 2020 - 19:09
Blue Label Telecoms, which is seeking a deal with lenders to recapitalise stricken Cell C, will no longer have a physical presence after shutting down its loss-making network of WiConnect retail stores, which were dealt a fatal blow by lockdowns due to the Covid-19 outbreak.
Its shares jumped the most since May as it recorded a R227m annual net profit...
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