October 5, 2016 / 5:36 AM / a year ago

BRIEF-Blue Label Telecoms announces terms of Cell C recapitalisation

Oct 5 (Reuters) - Blue Label Telecoms Ltd

* Final terms announcement for recapitalisation of Cell C and renewal of cautionary announcement

* Implementation of Cell C recapitalisation will result in existing net borrowings being cut to maximum of 8.0 billion rand

* Blue Label, through TPC, will settle subscription consideration of 5.5 billion rand Source text for Eikon: Further company coverage:

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