Cell C investors brawl over spectrum ownership
Blue Label co-CEO Brett Levy says the intention is not to transfer assets out of SA’s fourth-largest mobile operator
Cell C’s two largest shareholders are at loggerheads over the ownership of the company’s multibillion-rand spectrum.
CellSAf, which owns 25% of SA’s fourth-largest mobile operator, has accused the biggest shareholder, Blue Label, of stripping other shareholders of key strategic assets amid plans to transfer control of the telecom company’s licences, including spectrum, to Blue Label’s The Prepaid Company...
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