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Blue Label seals amended binding Cell C recapitalisation agreements

By:  
Creamer Media Deputy Editor Online
 
MERGERS & ACQUISITIONS
JSE-listed Blue Label Telecom’s implementation of its recapitalisation of mobile operator Cell C is scheduled for the first week of August as the final amended equity transaction agreements are signed. The amended binding Cell C recapitalisation agreements will see Blue Label narrow the mobile operator’s debt further, from an initially planned R8-billion to R6-billion.
 
 
 
 
 

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