Blue Label surges after finalising Cell C’s recapitalisation
Deal includes a R1bn loan to the mobile operator and buying R2.4bn worth of prepaid airtime
22 September 2022 - 11:13
Blue Label Telecoms shares leapt on Thursday as investors welcomed the mobile commerce group’s announcement that it had finalised the long-awaited recapitalisation of its troubled Cell C.
The stock surged more than 5% in morning trade, but later pared the gains to end the day 2.88% firmer at R6.43. It is up more than 26% so far this year...
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