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Consortium to take minority stake in South Africa's Cell C
JOHANNESBURG, Feb 22 (Reuters) - Blue Label Telecoms
said on Friday a consortium had agreed to take a
minority stake in South Africa's third largest mobile carrier
Cell C, of which it owns 45 percent.
The company said that the support of The Buffet Consortium
would bolster Cell C's balance sheet and ensure sustainable
growth going forward, without disclosing the size of the stake
or how much it would raise.
A further detailed announcement would be made a later stage,
it said in a statement, adding the transaction was subject to
(Reporting by Emma Rumney; Editing by Kirsten Donovan)
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