UPDATE 1-Consortium to take minority stake in South Africa's Cell C [Reuters]
VODACOM GROUP LTD S/ADR (VDMCY)
NASDAQ:AMEX Investor Relations:
vodacom.com
Company Research
Source: Reuters
UPDATE 1-Consortium to take minority stake in South Africa's Cell C | Reuters 2 Min Read (Adds more detail, context) JOHANNESBURG, Feb 22 (Reuters) - Blue Label Telecoms said on Friday a consortium had agreed to take a minority stake in South Africa’s third largest mobile carrier Cell C, of which it owns 45 percent. Blue Label, which has been trying to dig Cell C out of debt since it purchased its stake in the carrier for 5.5 billion rand ($392.28 million) in October 2016, said the deal would help the struggling company. It named the investor as The Buffet Consortium, but did not say who that included and Reuters was not immediately able to establish its members. Blue Label Telecoms also did not disclose the size of the stake or how much it would raise. “With Buffet support the Cell C balance sheet will be bolstered,” it said in a statement. A further detailed announcement would be made at a later stage, it said, adding the transaction remained subject to certain conditions. Blue Labe
Show less
Read more
Impact Snapshot
Event Time:
VDMCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VDMCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VDMCY alerts
High impacting VODACOM GROUP LTD S/ADR news events
Weekly update
A roundup of the hottest topics