JSE-listed Blu Label Unlimited Group subsidiary The Prepaid Company (TPC) has received conditional approval from the Competition Tribunal to acquire an additional 4.04% shareholding in Cell C from Cedar Cellular Investments 1.
Following the implementation of this transaction, TPC's shareholding in Cell C will increase from 49.53% to 53.57%, establishing TPC as the controlling shareholder of Cell C.
Advertisement
In an update to shareholders on Thursday, Blu Label said that the undisclosed conditions were acceptable to TPC and Cell C.
“This development represents a significant milestone in advancing the company's strategic objectives and operational capabilities within the telecommunications sector,” the company said. 
Advertisement
