Blue Label Telecoms may launch a new empowerment equity deal for struggling mobile operator Cell C in the future, to strengthen the company’s status.

The JSE-listed company, best known for selling electricity and airtime prepaid vouchers, is in the process of taking control of Cell C, which has 8.5-million subscribers, by increasing its stake to 53.5% from 49.5%. It has asked the Independent Communications Authority of South Africa and the Competition Commission to approve the transaction...

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