As telecommunications firm Cell C swings to a profit, the embattled group has taken another step closer to the conclusion of a long-awaited recapitalisation. Cell C majority shareholder Blue Label Telecoms said on August 26 that the operator had reported a significant turnaround in profitability, achieving a net profit after tax of R2.45-billion during the period from June 1, 2020, to May 3, 2021, compared with a net loss after tax of R10.86-billion in the comparative period last year.
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