https://www.engineeringnews.co.za

Blue Label to buy 75% of Via Media

11th August 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

JSE-listed Blue Label Telecoms has entered into an agreement to acquire a 75% stake in mobile content and value-added services provider Via Media for an initial consideration of R144.38-million, as well as additional amounts.

Blue Label expected the acquisition to afford the company access to new channels for the distribution of Via Media and Blue Label products and services.

In addition to the R144.38-million to be paid to Via Media holding company Malik Investment Holdings, Blue Label would also pay additional amounts of up to R103.13-million if warranted profits were achieved by Via Media during a 36-month warranty period.

If the warranted profits were not achieved, the additional payments would be abated on a pro rata basis. If, however, the warranted profits fell below an agreed threshold, Blue Label would have the right to put its shares to the vendors for a refund of all payments made plus interest thereon.

Meanwhile, an additional R112.5-million, or part thereof, would also be payable by Blue Label if stretched targets, over and above the warranted accumulated profits, were achieved by Via Media.

Blue Label would fund the acquisition from its cash resources.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.057 0.997s - 122pq - 2rq
Subscribe Now