# South Africa’s third largest mobile phone operator, Cell C, has announced plans to list on the Johannesburg Stock Exchange. It is described as a strategic move designed to streamline its balance sheet, enhance its brand presence, and support its next growth phase. As part of the listing, a wholly owned subsidiary of Cell C’s largest shareholder, Blu Label Unlimited Group, The Prepaid Company, will offer existing shares through a private placement to qualified investors. TPC intends to raise approximately 7.7-billion-rand to boost the company’s expansion plans.
Cell C plans to list on JSE to streamline operations and support growth