South Africa’s Blue Label Telecoms Ltd. is considering taking a controlling stake in the nation’s fourth-largest wireless carrier as it seeks to have more say in a company in which it is already the largest shareholder.
Blue Label could convert debt held in a special purpose vehicle to equity after it participated in a recent recapitalization of Cell C Ltd., its founder and co-Chief Executive Officer Brett Levy said in an interview. The business is valued at 3 billion rand ($164 million), he added.
