JOHANNESBURG - The Competition Commission has approved the Blue Label Telecoms bid to take a controlling stake in Cell C.
The commission has recommended that the Competition Tribunal approve the proposed transaction.
Previously, Blue Label held 49.5 percent of the mobile operator, but if the transaction is concluded, their stake will go up to 53.5 percent.
In a statement. the commission says the proposed transaction does not raise public interest concerns, and that there are conditions to the approval.