Blue Label Telecoms shareholders on Tuesday approved a plan by the JSE-listed company to buy the 12% of the company’s shares held by US software maker Microsoft in a deal worth R390m. Microsoft is selling the shares at a loss. It bought 91,9m shares in 2007 for R6,75/share and is selling
Browsing: Blue Label Telecoms
JSE-listed Blue Label Telecoms is buying back the 12% stake Microsoft bought in it in 2007. At the same time, Microsoft SA MD Mteto Nyati is stepping down from Blue Label’s board of directors. Microsoft is selling the shares at a loss. It bought them for
Telkom has pulled the plug on a plan to sell the wireless division of its Nigerian subsidiary, Multi-Links, to Visafone for US$52m and will stop funding the operation with immediate effect. Liquidation may follow. The decision to
JSE-listed Blue Label Telecoms said on Monday it has decided to terminate its business activities in Nigeria. This follows the cancellation of a contract in that country with Telkom subsidiary Multi-Links. Blue Label co-CEO Mark Levy says the decision will allow it
Blue Label Telecoms is preparing a claim to try to recover an unspecified amount of damages it says it has suffered after losing an exclusive contract with Telkom’s failed
Financial services company Ubank, formerly known as Teba Bank, has partnered with JSE-listed Blue Label Telecoms to provide mobile banking to its customers, consisting
Episode 17 of TalkCentral, TechCentral’s weekly podcast, is ready to go. This week Duncan McLeod and Candice Jones talk about the decision by a Southern African
Blue Label Telecoms will take legal action to recover an unspecified amount of damages it says it has suffered after losing an exclusive contract with Telkom’s failed Nigerian operation, Multi-Links.
Microsoft SA MD Mteto Nyati has been appointed as a nonexecutive director on the board of JSE-listed telecommunications group Blue Label Telecoms. Nyati, who has headed Microsoft’s SA operation for the past two years, takes up the role from today.
Arc Telecom, a start-up company established by former iBurst Business staff, is taking aim at the small and medium-sized business market with its converged telecom services. The company will offer its services from Thursday.