As many as 400 jobs may be on the line at MTN South Africa, sources close to the company say, as the telecommunications operator moves to cut costs in a market that has become significantly more competitive. MTN is considering a number of options as it looks to reduce costs
Browsing: Blue Label Telecoms
The latest financial results from JSE-listed Blue Label Telecoms, for the year ended May 2014, provide insight into just how challenging telecommunications operator MTN is finding the intensified levels of competition in South Africa’s mobile market
JSE-listed Blue Label Telecoms has reported a 6% improvement in headline earnings to R451m in the year to May 2014. This came on the back of an improvement in gross profit margins from 6,7% to almost 7% and a slight uptick in revenue to R19,4bn. Losses at its Mexican business
JSE-listed mobile telecommunications and payments specialist Blue Label Telecoms has made an offer of as much as R247m to acquire 75% of Via Media, which develops mobile content and related value-added services, from Malik Investment Holdings. Via Media provides content using technologies such as premium-rated SMSes, multimedia
The latest numbers from JSE-listed Blue Label Telecoms, by far South Africa’s largest distributor of prepaid airtime, suggest MTN is haemorrhaging market share to rival Cell C in the mass market. In notes accompanying Blue Label’s interim results for the half year ended November 2013
JSE-listed Blue Label Telecoms’ financial director, David Rivkind, has resigned and will leave the company in mid-November when his employment contract comes to an end. In a statement, Blue Label says Rivkind has resigned “to pursue other opportunities” and that he has made
Having kick-started the only real price war in the South African cellular market, the “little network that could”, Cell C, is in a tough place. Alan Knott-Craig’s Hail Mary pass to capture his stated intention of 25% of the market appears to be working – at MTN’s expense – for the time being. The recent results from
Telkom and its former subsidiary, Nigeria’s Multi-Links, have won a high court order setting aside arbitration proceedings with Blue Label Telecoms and paving the way for a bruising court battle in which Telkom is seeking $528m in damages from Blue Label. Telkom is
Blue Label Telecoms and MasterCard plan to roll out point-of-sale (POS) devices to 22 000 small traders and rural shops in South Africa, allowing them to accept card payments for the first time. Blue Label already provides thousands of POS terminals in South Africa, which
The latest annual financial results from Blue Label Telecoms show that Cell C is gaining ground on its rivals and is specifically stealing market share from rival MTN. In a presentation accompanying publication of its results for the financial year ended 31 May 2013, the company, which is by far the country’s largest