South Africa's third-biggest mobile operator, Cell C, is expected to reveal its restructured shareholding when it posts annual results on Tuesday. It is hoped this will settle the status of BEE investor CellSaf, which has had 25% of the perennially unprofitable company since its founding 16 years ago. The announcement will also reveal whether staff will be able to benefit through an allocation of stock in Cell C's recapitalisation endeavours. Blue Label Telecoms and Net1 UEPS have committed to inject a total of R7.5-billion into the company, in exchange for a combined 60% share in Cell C.
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