TCS | The Levy brothers on the future of Blue Label and Cell C

When JSE-listed Blue Label Telecoms released its annual results two weeks ago, it showed its core business continuing to grow at a respectable pace. Yet investors dumped the share, worried about a lack of disclosure about Cell C’s performance.
Now, in an exclusive interview with the TechCentral Show (TCS), the company’s founders and co-CEOs, brothers Brett and Mark Levy, have spelt out exactly why they believe investors have punished the share, why they decided not to publish numbers for Cell C (this time around), and what their strategy is for the long-troubled mobile operator after the completion last year of its second recapitalisation in six years.
In the interview, Mark Levy looks back to the founding of the company more than 20 years ago, how it pivoted into cellular airtime, and its listing on the JSE.
The conversation later shifts to a detailed discussion with Brett Levy on Cell C. He answers a wide range of questions, including:
• Why did Blue Label buy Cell C in the first place?
• What went wrong after the first recap?
• What’s stop things going awry again at Cell C?
• Why is Blue Label pursuing a controlling stake in the mobile operator?
• What’s the potential upside at Cell C?
• Just how important is the mobile virtual network operator business? (Cell C recently concluded an MVNO deal with Capitec.)
The brothers also tackle the difficulty in understanding Blue Label’s results, driven by the highly complex restructuring at Cell C. They tackle these questions:
• Shouldn’t Blue Label be doing more to make its results understandable to shareholders, especially ordinary investors?
• Doesn’t buying control of Cell C expose Blue Label to even greater potential risk?
• What’s the outlook for Blue Label’s core business?
• What are the exciting growth areas in the core business, such as betting/gaming?
• Is Blue Label mulling a buyout of minorities and a delisting from the JSE?
Don’t miss the most detailed and information-packed interview the Levy brothers have given in years. If you enjoyed the interview, please consider subscribing on YouTube or your favourite podcast app.
12 Sep English South Africa Technology · Business

Other recent episodes

TCS | Revix founder Sean Sanders on the creation of Altify

TechCentral reported on Friday that South African cryptocurrency platforms Revix and BitFund are joining forces and, together with Austria’s Coinpanion, have formed a new alternative investment platform called Altify. Revix founder and now Altify CEO Sean Sanders joins Duncan McLeod on the TechCentral Show to unpack the merger, how it…
1 Dec 52 min

TCS+ | OneTrust’s Joseph Byrne: privacy risk management done right

Joseph Byrne, principal solutions engineer at OneTrust, knows a lot about the topic of risk management. He joins Duncan McLeod on TechCentral’s business technology podcast, TCS+, to unpack the topic in greater detail and to discuss what it means for South African organisations. Byrne kicks off the discussion with an…
29 Nov 30 min

TCS+ | Ricoh – safe and secure role in today’s digital ecosystems

In this episode of TechCentral’s TCS+, Jaydev Chiba engages in a comprehensive discussion with Marcell Otto, digital services product manager for Ricoh South Africa, shedding light on Ricoh’s pivotal role in today’s digital ecosystems, particularly in the realm of governance, risk and compliance (GRC). The conversation delves into the dynamic…
27 Nov 24 min

TCS+ | NEC XON on going toe to toe with cybercriminals

Companies may be surprised to learn that the profile of the typical cybercriminal in 2023 does not match the stereotype of tech-savvy youngsters in hoodies. Rather, modern cybercriminals are often employed by criminal syndicates and even keep office hours, according to Armand Kruger, head of cybersecurity at NEC XON, who…
22 Nov 45 min

TCS | OneCart CEO Aidan Johnson on SA’s on-demand shopping boom

Aidan Johnson, appointed by Massmart to lead on-demand delivery platform OneCart, believes South Africa is on the cusp of huge growth in online shopping – and that everything is to play for. Johnson, who joins Duncan McLeod on this episode of the TechCentral Show (TCS), talks about the OneCart business,…
16 Nov 39 min