Completing its first full year of trading since it listed on the JSE, Blue Label Telecoms will turn in higher-than-expected earnings and has also announced a joint venture in Mexico.
The company anticipates that its earnings and headline earnings will be between 20% and 30% higher than pre-listing forecasts.
The increased earnings are due to a number of factors, including increased revenue from telecommunications operations, effective asset management and a restructuring exercise within subsidiaries.
Meanwhile, the company has jointly established Blue Label Mexico with Nadhari SA de CV, a Mexican company that has expertise in the strategic and operational development of products and services within emerging markets.
Blue Label Mexico has been created to pursue opportunities which are complementary to Blue Label`s current areas of business.
In a statement, the company says the establishment of a business presence in Mexico is an important step in the group's goal of creating a transaction-based distribution network in the emerging markets of Latin America.
It is intended that Blue Label Mexico will serve as a platform for the sale and distribution of secure electronic tokens of value, including Microsoft products, services and advertisements.
Senior members of Blue Label`s South African management and technology teams are actively involved in the introduction and implementation of Blue Label
business strategies, processes and technologies in Mexico.
Blue Label Mexico will open for business on 1 September 2008.