BLU - Blue Label Telecoms Limited - Blue Label Refocuses its International
BLU
BLU
BLU - Blue Label Telecoms Limited - Blue Label Refocuses its International
Strategy
Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU ISIN: ZAE000109088
("Blue Label" or "the company")
BLUE LABEL REFOCUSES ITS INTERNATIONAL STRATEGY
Blue Label has an effective 36.72% stake in Africa Prepaid Services Nigeria
Limited through its 72% shareholding in Africa Prepaid Services (Pty) Limited.
Following Blue Label`s cancellation of the Multi-Links contract and its
consequent impact on the viability of the business in Nigeria, Blue Label has
decided to terminate its business activities in this region.
This will enable Blue Label to redeploy its resources to its other international
businesses, in particular India and Mexico.
Monday, 13 June 2011
Sponsor:
Investec Bank Limited
Date: 13/06/2011 07:05:01 Produced by the JSE SENS Department.
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