South Africa’s Blue Label begins preparations for potential listing of mobile operator Cell C

JOHANNESBURG: South Africa’s Blue Label said on Monday that it plans a group restructuring to facilitate the unbundling and potential listing of mobile operator Cell C.

Blue Label, whose main business is distributing prepaid airtime and electricity, said it has been considering various strategic options and initiatives to unlock and deliver value to its shareholders.

Blue Label said in May that it aimed to potentially list Cell C.

On Monday, it said “the Cell C listing together with the benefits to be derived from Cell C’s turnaround strategy and its improved sustainability, are expected to enhance the value of Cell C and in turn restore its shareholder value.”