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Blue Label has appear its banking after-effects for the year concluded 31 May 2017, account its affairs afterward its contempo deals with Cell C and 3G Mobile.

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It said the accord to access 45% of Cell C and recapitalise the aggregation was one of the best circuitous restructures South Africa has anytime seen.

“[Buying a pale in Cell C] was not alone about extenuative jobs, and extenuative creditors and the massive basement that Cell C has,” said Blue Label joint-CEO Brett Levy.

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“This is about accepting a able third network, a able South African operator.”

Before the acquisition, Cell C was majority-owned by an beyond shareholder. Now, it is 80% locally captivated – with the aim to eventually be absolutely South African-owned.

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Levy additionally accent their contempo accretion of 3G Mobile, and categorical Blue Label’s handset action activity forward.

Through the acquisition, Blue Label now has a complete accouterments business beneath one roof, he said.

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Levy said that adaptable handsets are disconnected into four tiers:

Not alone does 3G Adaptable administer accessories beyond all four tiers, it additionally offers handset costs for post-paid services.

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Blue Label additionally has absolute administration relationships with bank 3 brands like Boost, Verssed, and Blaupunkt, and has an absolute bank 4 t-on alleged ReWare – which sources, refurbishes, and distributes buzz smartphones.

ReWare currently has outlets in Sandton and Braamfontein.

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Levy said that the administration of refurbished accessories is a rapidly-growing market.

Blue Label ahead told MyBroadband that another breadth it sees allowance to abound is handset financing.

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Levy said around 20 actor handsets are awash in South Africa anniversary year, and he believes there is a “massive befalling in costs lower and top-end” devices.

“The networks aren’t assertive on the accounts ancillary of it. They appetite the handset out and the SIM agenda – to add on their own accounts is absolutely not article they’re after,” he said.

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