Cellular operator
SA's Blue Label Telecoms pays R5.5bn for Cell C stake
Cell C will also issue new shares to staff, senior management and existing shareholders.
The software maker will take over the browser building unit of Microsoft’s Nokia mobile phone.
Cell C will add over 300 new sites, upgrade its network and deploy more fibre optic cables in cities.
Icasa has announced lower termination rates meaning calls to other networks will become cheaper.
The mobile operator says Alan Knott-Craig has been admitted to hospital after suffering a minor stroke.
The network provider’s CEO says data is the new frontier for the cellular industry as a whole.
The shares dipped after Icasa said it planned to bring down the cost of calling between networks.