The full acquisition of 3G Mobile by Blue Label subsidiary The Prepaid Company (TPC) has been approved by the Competition Tribunal.
In August 2017, TPC acquired 47,37% of 3G for R900 million.
It can now acquire the remaining 52,63% for a price of R1-billion. This transaction should be completed by February 2018.
3G is a supplier and financier of handsets and tablets for mobile network operators and will be Blue Label’s platform for expansion into new markets and into different hardware products, in addition to its current business.