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    Blue Label to terminate Nigeria activities

    Blue Label Telecoms said on Monday (13 June 2011) that it has decided to terminate its business activities in Nigeria. Blue Label has an effective 36.72% stake in Africa Prepaid Services Nigeria through its 72% shareholding in Africa Prepaid Services.

    The group said that following its cancellation of the Multi-Links contract and its consequent impact on the viability of the business in Nigeria, it had 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," Blue Label said.

    The group is a distributor of prepaid secure electronic tokens of value and transactional services within emerging and developing economies.

    Source: I-Net Bridge

    For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

    We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

    Go to: http://www.inet.co.za
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