Blue Label seeks R3.7bn from Telkom

jes

jes

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Blue Label seeks R3.7bn from Telkom

Blue Label revealed it is currently in an arbitration process to claim $481m in lost profits from Telkom’s former Nigerian subsidiary, Multi-Links
 
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Not sure if I read this correctly but it looks like they only had R 111 million in revenue last year but they want to claim R3.7bn from Telkom. Seems like a bit of a stretch.
 
They want to claim R3.7 billion like seriously - if they only made that amount of profit in a year but could be due to future growth but that is too much. Maybe R50 million yeah but R3,7 billion.
 
I hope they win, Telkom needs a taste of their own medicine, they have been running telecommunications into the ground for too long in SA, so now the wheel is turning and it's pay back time.

They say don't treat others the way you would not like to be treated....
 
Hummercellc said:
I hope they win, Telkom needs a taste of their own medicine, they have been running telecommunications into the ground for too long in SA, so now the wheel is turning and it's pay back time.

They say don't treat others the way you would not like to be treated....
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Wrong country... this involves Nigeria.
 
Wrong heading

This article is way off-track or the heading is wrong. Sounds more like some free marketing.
 
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