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Wireless

Blue Label Telecom plans to sell interests in business units in order to reduce debt

Thursday 26 September 2019 | 10:56 CET | News
Blue Label Telecoms has announced that it will sell interests in Blue Label Mobile Group (VAS Operations) to DNI to raise capital. DNI is an investment holding company that specialises in distribution and retail for the telecommunications industry. Blue Label subsidiary The Prepaid Company has agreed to sell its interest in 3G Mobile to DNI, excluding the share capital held in and loan claims against Comm Equipment Company.

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Categories: Mobile & Wireless
Companies: Blue Label Telecoms / Cell C
Countries: South Africa
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