South African operations lift Blue Label’s FY17 performance

JSE-listed Blue Label Telecoms on Thursday reported an improvement in its financial and operational performance for the year ended May 31, on the back of the organic growth of its South African segment. This comes as the group concludes its acquisition, post-period, of South Africa’s third-largest mobile operator Cell C and absorbs mobile device and handset distributor 3G Mobile, marking the dawn of a “new era” in developing a “rich ecosystem” for Blue Label.