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Approval of Licence Control Transfer from Cell C Limited to The Prepaid Company Proprietary Limited

Published: 2025-01-24 13:20:22 ET

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

Approval of Licence Control Transfer from Cell C Limited to The Prepaid Company
Proprietary Limited

Blue Label is pleased to announce that Cell C Limited (“Cell C”) has successfully obtained
the approval from the Independent Communications Authority of South Africa (“ICASA”) for
the transfer of control of the relevant telecommunications licences (“the licences”) held by
Cell C to The Prepaid Company Proprietary Limited (“The Prepaid Company”), a wholly
owned subsidiary of Blue Label.

Although the licences will continue to be held by Cell C, ICASA’s approval to transfer control
of Cell C's licences was required because a transfer of control would be deemed to occur
when the shareholding held by The Prepaid Company, exceeds 50% of the issued share
capital in Cell C.

This approval represents a significant milestone for Blue Label and a crucial step in
advancing its strategy to obtain control over Cell C.


24 January 2025
Sponsor: Investec Bank Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.