Blue Label Gains ICASA Approval for Control Over Cell C Licenses
Blue Label secures ICASA approval, advancing its strategy to gain control over Cell C licenses through The Prepaid Company.

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.