Vodacom has quietly sold its 24% stake in Wireless Business Solutions (WBS) Holdings to the company’s other shareholders. The cellular operator hopes its disposal of its shareholding in iBurst’s parent company will clear the way for it to successfully bid for radio frequency spectrum in the 2,6GHz and 3,5GHz ranges.
Browsing: Blue Label Telecoms
JSE-listed Blue Label Telecoms has partnered with international security software provider Symantec to pilot its mobile phone security suite in SA. Blue Label co-CEO Brett Levy says Symantec approached Blue Label to act as distributor of the product in SA. “It is a good opportunity for us because people can no longer ignore security risks on their phones,” says Levy.
JSE-listed Blue Label Telecoms says a controversial contract signed with Telkom’s ailing Nigerian operation, Multi-Links, is being reviewed. Blue Label co-CEO Mark Levy says the contract has reached its annual review time, and the company is willing to make some concessions to help save the troubled Multi-Links.
Substantial growth in its international operations lifted the performance of independent telecommunications group Blue Label Telecoms over the past financial year, says analyst firm Frost & Sullivan. This growth was primarily achieved through strong growth in Nigeria and disposing of interests in Mozambique and the Democratic Republic of Congo.
Telkom is trying urgently to renegotiate multiple contracts entered into by its troubled Nigerian subsidiary Multi-Links. If it can’t reach new agreements with the suppliers, Multi-Links could be forced to shut up shop. That’s the stark warning from Telkom acting CEO Jeffrey Hedberg, who had been running the Nigerian business until a few weeks ago, when he was called on by Telkom’s board to head up the group following the premature departure of former CEO Reuben September.
As Neotel gears up to launch its first prepaid consumer products in the next few weeks, the telecommunications operator has announced it has concluded a deal with JSE-listed Blue Label Telecoms to take the offerings to market. Blue Label will offer Neotel’s prepaid products through its retail points of presence across the country. The products are expected to be launched next month.
iBurst Africa, a telecommunications business controlled by iBurst executive chairman Thami Mtshali, wants to raise as much as US$200m in funding as it pursues broadband opportunities…