The recapitalisation of embattled mobile operator Cell C has been concluded, marking the final and critical pillar of Cell C’s three-year turnaround strategy. JSE-listed 45%-shareholder Blue Label Telecoms on Thursday says that it concluded binding long-form agreements (LFA’s), labelled the Umbrella Restructure LFA’s, with Cell C and various Cell C financial stakeholders, including certain shareholders and creditors of Cell C.
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