To view the PDF file, sign up for a MySharenet subscription.

BLUE LABEL TELECOMS LIMITED - Cell C signs extended roaming agreement with MTN South Africa and Withdrawal of cautionary announcement

Release Date: 18/11/2019 09:59
Code(s): BLU     PDF:  
 
Wrap Text
Cell C signs extended roaming agreement with MTN South Africa and Withdrawal of cautionary announcement

Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU
ISIN: ZAE000109088
(“Blue Label”)

CELL C SIGNS EXTENDED ROAMING AGREEMENT WITH MTN SOUTH AFRICA AND WITHDRAWAL OF
CAUTIONARY ANNOUNCEMENT

Blue Label Shareholders are referred to the cautionary announcement dated 7 August 2019 and
subsequent renewals.

Blue Label shareholders are notified that Cell C has signed long form agreements with MTN South
Africa for an extended national roaming agreement. The transaction is subject to certain conditions
precedent.

In May 2018, Cell C signed its first roaming agreement with MTN, providing Cell C with 2G, 3G and
4G roaming services on MTN's network in select areas of South Africa. The new agreement will see
this access expanded to enable Cell C to roam on MTN's network in all areas of the country. This
agreement is a reflection of shifts in the global telecommunications industry and technological
developments that promote efficient utilisation of network infrastructure and make it possible for
mobile operators to avoid duplication of investment.

Cell C continues to pursue its network and traffic optimisation plans and progress is being made on its
recapitalisation which will improve the company’s liquidity.

Blue Label Shareholders are accordingly advised that caution is no longer required in dealing in Blue
Label securities in this regard.


Sandton
18 November 2019

Financial Adviser and Sponsor
Investec Bank Limited

Date: 18/11/2019 09:59:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story