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 said that it had concluded binding long-form agreements (LFAs), labelled the Umbrella Restructure LFAs, with Cell C and various Cell C financial stakeholders, including certain shareholders and creditors of Cell C.
