Edition:
United Kingdom

Blue Label Telecoms Ltd (BLUJ.J)

BLUJ.J on Johannesburg Stock Exchange

450.00ZAc
24 May 2019
Change (% chg)

-5.00 (-1.10%)
Prev Close
455.00
Open
451.00
Day's High
460.00
Day's Low
445.00
Volume
444,830
Avg. Vol
2,250,674
52-wk High
1,215.00
52-wk Low
336.00

Latest Key Developments (Source: Significant Developments)

South Africa's Competition Commission Unconditionally Approves Proposed Blue Label Telecoms-Hyve Mobile Deal
Thursday, 16 May 2019 

May 16 (Reuters) - South Africa's Competition Commission::APPROVED, WITHOUT CONDITIONS, PROPOSED MERGER WHERE BLUE LABEL TELECOMS INTENDS TO BUY HYVE MOBILE.APPROVED PROPOSED MERGER WITHOUT CONDITIONS, WHERE BOEING INTENDS TO ACQUIRE TARGET BUSINESS OF EMBRAER.RECOMMEND TO COMPETITION TRIBUNAL PROPOSED ACQUISITION OF WEBUYCARS BY MIH ECOMMERCE, ENTITY OF NASPERS, BE PROHIBITED .  Full Article

Blue Label Says Buffet Will Become Minority Shareholder In Cell C
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Blue Label Telecoms Ltd ::JSE: BLU - CELL C LIMITED - BINDING TERM SHEET WITH THE BUFFET CONSORTIUM.BLUE LABEL - CONCLUDED BINDING TERM SHEET WITH BUFFET CONSORTIUM IN TERMS OF WHICH BUFFET SHALL BECOME A MINORITY SHAREHOLDER IN CELL C.  Full Article

Blue Label Telecoms Says Cell C Concludes New Roaming Agreement With MTN
Tuesday, 29 May 2018 

May 29 (Reuters) - Blue Label Telecoms Ltd ::CELL C CONCLUDES NEW ROAMING AGREEMENT WITH MTN.AGREEMENT'S IMPLEMENTATION WILL COMMENCE IN JULY 2018.CELL C, OF WHICH CO HOLDS 45% OF ISSUED SHARE CAPITAL, HAS CONCLUDED A LONG TERM WHOLESALE NATIONAL ROAMING AGREEMENT WITH MTN.  Full Article

Blue Label Telecoms Says 72 Mln New Shares Will Be Issued Under Bookbuild At R12.50 Per Share
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Blue Label Telecoms Ltd ::‍RESULTS OF ACCELERATED BOOKBUILD​.‍BOOKBUILD WAS CONSIDERABLY OVERSUBSCRIBED​.72 MILLION NEW BLUE LABEL SHARES WILL BE ISSUED UNDER BOOKBUILD AT R12.50 PER SHARE, RAISING GROSS PROCEEDS OF ZAR900 MILLION​.  Full Article

Blue Label Telecoms To Raise R900 Million Via Accelerated Bookbuild
Monday, 26 Feb 2018 

Feb 26 (Reuters) - Blue Label Telecoms Ltd ::BLUE LABEL TELECOMS LTD - OPENING OF ACCELERATED BOOKBUILD.BLUE LABEL TELECOMS LTD - LAUNCH OF AN EQUITY RAISING PROCESS (" EQUITY RAISE") THROUGH WHICH BLUE LABEL SEEKS TO RAISE APPROXIMATELY R900 MILLION.BLUE LABEL TELECOMS LTD - EQUITY RAISE WILL BE IMPLEMENTED BY WAY OF VENDOR CONSIDERATION PLACING.BLUE LABEL TELECOMS LTD - BOOK FOR BOOKBUILD IS OPEN WITH IMMEDIATE EFFECT AND MAY CLOSE AT ANY TIME THEREAFTER.  Full Article

Blue Label Telecoms Says HY HEPS Rises To 166.68 Cents​
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Blue Label Telecoms Ltd ::HY ‍INCREASE IN HEADLINE EARNINGS PER SHARE OF 109% TO 166.68 CENTS​.HY ‍INCREASE IN EARNINGS PER SHARE OF 110% TO 167.43 CENTS​.HY ‍INCREASE IN REVENUE TO R13.5 BILLION​.‍HY GROUP'S SHARE OF LOSSES IN BLUE LABEL MEXICO CONTINUED TO DECLINE FROM R22.1 MILLION TO R10.5 MILLION​.‍"FOLLOWING BLUE LABEL MEXICO'S CONTINUOUS IMPROVEMENT IN OPERATIONS, IT IS EXPECTED TO PROVIDE A POSITIVE CONTRIBUTION TO GROUP PROFITABILITY"​.  Full Article

Blue Label Telecoms Sees HY HEPS Rising To 76.73 - 93.08 Cents Range
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Blue Label Telecoms Ltd ::‍BASIC, HEADLINE AND CORE HEADLINE EARNINGS PER SHARE FOR 6 MONTHS ENDED NOV 30 ARE EXPECTED TO INCREASE BY MORE THAN 20% VERSUS PRIOR YEAR.‍SEES HY HEPS UP 94% - 114% TO 76.73C - 93.08C ​.  Full Article

Blue Label Telecoms - ‍Independent Communications Authority Confirmed That Cell C Followed Correct Process In Notification Of Its Recapitalisation Transaction​
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Blue Label Telecoms Ltd ::BLUE LABEL TELECOMS - ‍INDEPENDENT COMMUNICATIONS AUTHORITY CONFIRMED THAT CELL C FOLLOWED CORRECT PROCESS IN NOTIFICATION OF ITS RECAPITALISATION TRANSACTION​.  Full Article

Blue Label Telecoms says Cell C recapitalisation fully implemented
Monday, 7 Aug 2017 

Aug 7 (Reuters) - Blue Label Telecoms Ltd :CELL C RECAPITALISATION HAS BEEN FULLY IMPLEMENTED, RESULTING IN CELL C'S NET BORROWINGS BEING REDUCED TO BELOW R6 BILLION.BLUE LABEL, THROUGH ITS WHOLLY-OWNED SUBSIDIARY, PREPAID COMPANY, NOW OWNS 45% OF ISSUED SHARE CAPITAL OF CELL C.  Full Article

Blue Label says Cell C's net borrowings will be reduced to 6 bln rand
Thursday, 27 Jul 2017 

July 27 (Reuters) - BLUE LABEL TELECOMS LTD ::CLOSING OF CELL C RECAPITALISATION IS ANTICIPATED TO COMMENCE ON 1 AUGUST 2017 AND CELL C'S NET BORROWINGS WILL BE REDUCED TO 6 BILLION RAND.ACQUISITION BY BLUE LABEL THROUGH PREPAID COMPANY, OF 47.37% OF ISSUED SHARE CAPITAL OF 3G IS ANTICIPATED TO CLOSE ON FRIDAY, 28 JULY 2017.  Full Article

Deals of the day-Mergers and acquisitions

Feb 22 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: ** Switzerland's Sika AG would be interested in buying some parts of BASF SE's construction chemicals business but has ruled out bidding for the whole business, Chief Executive Paul Schuler told Reuters.