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
Browsing: Blue Label Telecoms
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
JSE-listed Blue Label Telecoms has hiked headline earnings per share by 17% in the year ended 31 May 2013 if the effect of a once-off income receipt of R79,4m in the prior year is excluded. The strong performance came despite relatively flat revenue growth from continuing operations
Telkom’s share price has rallied by more than 40% in less than two months, despite a run of bad news from the company. Analysts are buoyed by the change of leadership and some of the decisions taken subsequently, but suggest that without further clarity on Telkom’s long-term strategy, the stock gains may be
Telkom has accused the former MD of its international business unit, Thami Msimango, and well-known businessman Mthunzi Mdwaba of violating South Africa’s anticorruption laws over an agreement involving former subsidiary Multi-Links and JSE-listed Blue Label Telecoms. The allegations
The fallout from Telkom’s disastrous Nigeria investment continues. The JSE-listed telecommunications group revealed on Friday in its annual results that it has issued a summons on the listed Blue Label Telecoms, subsidiaries of the company, as well as on a former executive of Telkom claiming an amount
South Africa’s largest mobile operator, Vodacom, has begun charging an 11c interconnection fee to carry short message service (SMS) text onto its network. The move comes after Cell C allegedly began offering wireless application service providers owned by Blue Label Telecoms the ability to send and receive messages to and from any