Blue Label pulls out of Nigeria

Following Blue Label’s cancellation of the Multi-Links contract in November 2010 and its consequent impact on the viability of the business in Nigeria, Blue Label has decided to terminate its business activities in Nigeria.

Joint CEO of Blue Label, Mark Levy said: “This will enable Blue Label to redeploy resources to our other international businesses, in particular India and Mexico”.

Blue Label has a minority (effective 36.72%) stake in Africa Prepaid Services Nigeria Limited through its 72% shareholding in Africa Prepaid Services (Pty) Limited.

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Blue Label pulls out of Nigeria