BRIEF-Blue Label Telecoms Says Cell C Defaulted On Payment Of Interest On Its $184 Mln Note Which Was Due In Dec 2019

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BRIEF-Blue Label Telecoms Says Cell C Defaulted On Payment Of Interest On Its $184 Mln Note Which Was Due In Dec 2019
Credit: © Reuters.

Jan 28 (Reuters) - Blue Label Telecoms Ltd BLUJ.J :

* JSE: BLU - NOTIFICATION: CELL C DEFAULT

* BLUE LABEL TELECOMS LTD - CURRENTLY, NONE OF BILATERAL LOAN FACILITIES HAVE BEEN ACCELERATED

* BLUE LABEL TELECOMS - CELL C NOTIFIED NOTEHOLDERS IT DEFAULTED ON PAYMENT OF INTEREST ON $184 MILLION NOTE DUE DEC 2019 & INTEREST AND CAPITAL REPAYMENTS

* BLUE LABEL TELECOMS - CELL C DEFAULTED SOME REPAYMENTS ON LOAN FACILITIES BETWEEN CELL C & NEDBANK LIMITED, CHINA DEVELOPMENT BANK CORPORATION

* BLUE LABEL TELECOMS -CELL C DEFAULTED SOME REPAYMENTS ON FACILITIES WITH DEVELOPMENT BANK OF SOUTHERN AFRICA, INDUSTRIAL AND COMMERCIAL BANK OF CHINA

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