Blue Label Telecoms continues strategic review and restructuring

Blue Label Telecoms (JSE:BLU) has renewed its cautionary announcement to shareholders, initially issued on May 16, 2025, regarding its ongoing strategic review. The company is exploring various options and initiatives, including a possible restructuring of the group, aimed at enhancing shareholder value. The terms and conditions of the proposed restructure, along with related transactions, are still under development, pending consultations with financial advisors, and subject to approvals from the Boards of Directors of Blue Label and Cell C, as well as shareholder and regulatory consents. Shareholders are advised to continue exercising caution when dealing in the company's shares until further announcements are made. Investec Bank Limited and Rand Merchant Bank are serving as sponsors for the transaction.