Communications regulator Icasa has asked for written submissions over the proposed acquisition of iBurst and Broadlink parent Wireless Business Solutions by MultiSource, a company that enjoys the backing of former banking executives Michael Jordaan
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The sale of iBurst and Broadlink parent Wireless Business Solutions (WBS) to a company backed by top former bankers Michael Jordaan and Paul Harris is proceeding, subject to regulatory approvals, after the conclusion
MTN has continued to lose market share in prepaid in South Africa in the past six months, despite slashing its voice tariffs to 79c/minute, new numbers published by Blue Label Telecoms suggest
Blue Label Telecoms is no longer in discussions with an unnamed party that had expressed an interest in buying it. “Shareholders are referred to the company’s cautionary announcement first made on 1 October 2014. Blue Label considers that insufficient progress has been made in relation
Former top bankers Michael Jordaan and Paul Harris are shareholders in a company that has made an offer to buy Wireless Business Solutions (WBS), the company that owns iBurst and Broadlink, TechCentral has established. Technology company Multisource, in which Jordaan and the Harris family
An unidentified suitor has made a bid to acquire 100% of JSE-listed telecommunications and payments specialist Blue Label Telecoms, sending the firm’s share price higher by nearly 10% in Wednesday morning trading on the JSE. “Shareholders are
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
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
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
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