Articles about Mark Levy

Revenue decline for Cell C’s major shareholder Blue Label

Cell C’s majority shareholder Blue Label Telecoms suffers huge losses, as reflected in its annual financial results for the year ended 31 May.

Cell C valued at R3.1bn after latest fund raise

The mobile operator’s biggest shareholder’s latest valuation of Cell C comes after it received fresh capital in September.

Cell C recap deal earmarked for mid-September

The recapitalisation is taking longer than anticipated, but is expected to close next month, says Blue Label.

Blue Label goes after execs behind R315m fraud

The company reveals that fraud perpetrated by former senior executives at one of its subsidiaries amounts to R315 million.

Airtime purchase deal with Investec, First Rand to refinance Cell C

Blue Label Telecoms advises shareholders there is silver lining for Cell C, after the conclusion of an airtime purchase deal with Investec and First Rand Bank.

Blue Label confident of Cell C recap, but no timelines

Cell C’s largest shareholder says the mobile operator will be saved and get fresh funding, but will not commit to timelines as to when this will happen.

Blue Label expects positive turn in six-month results

The telco credits the disposal of its shareholding in its Mexico business for impacting financials positively.

Cell C’s recap lifeline close, says shareholder Blue Label

The largest shareholder of Cell C says the telco will be recapped this year, as the key partners have made inroads in negotiating the funding deal.

Blue Label back in the black as Cell C pain thaws

After the Cell C write-down, the company returns to profitability following two consecutive years of loss.

Levy brothers fall on sword for Cell C

The Blue Label joint-CEOs acknowledge their company has been under enormous pressure as a result of concerns regarding Cell C.

Board changes at Cell C

The mobile operator makes changes to its board, including the appointment of a new chairman and board member representatives.

Blue Label eyes R1bn asset sales to cut debt

The company will use the funds obtained from the proposed transactions to reduce its current interest-bearing debt.