{"id":190658,"date":"2017-08-07T07:47:45","date_gmt":"2017-08-07T05:47:45","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=190658"},"modified":"2017-08-07T07:47:45","modified_gmt":"2017-08-07T05:47:45","slug":"blue-label-completes-cell-c-recapitalisation","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/190658\/blue-label-completes-cell-c-recapitalisation\/","title":{"rendered":"Blue Label completes Cell C recapitalisation"},"content":{"rendered":"<p>Listed telco group Blue Label Telecoms has finalised its recapitalisation of mobile operator, Cell C.<\/p>\n<p>In an announcement on Monday (7 August), Blue Label said that the Cell C recapitalisation has been fully implemented, resulting in Cell C\u2019s Net<br \/>\nBorrowings being reduced to below R6 billion.<\/p>\n<p>Blue Label, through its wholly-owned subsidiary, The Prepaid Company, now owns 45% of the issued share capital of Cell C, it said.<\/p>\n<p>The company also said that the initial acquisition by The Prepaid Company\u00a0of 47.37% of the issued share capital of 3G for a purchase consideration of R900 million has been implemented.<\/p>\n<hr \/>\n<p><strong>Read:\u00a0<a href=\"https:\/\/businesstech.co.za\/news\/telecommunications\/188593\/blue-label-gets-shareholder-approval-for-cell-c-recapitalisation\/\" rel=\"bookmark\">Blue Label gets shareholder approval for Cell C recapitalisation<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Listed telco group Blue Label Telecoms has finalised its recapitalisation of mobile operator, Cell C.<\/p>\n","protected":false},"author":10,"featured_media":106809,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[6064,42],"class_list":["post-190658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-blue-label","tag-cell-c"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/190658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=190658"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/190658\/revisions"}],"predecessor-version":[{"id":190662,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/190658\/revisions\/190662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/106809"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=190658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=190658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=190658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}