Despite the current negative economic world climate, Blue Label Telecommunications (BLT), a leading distributor of prepaid secure electronic tokens of value and transactional services within emerging and developing economies in Africa, said it would continue to pursue growth in reach and profitability. It also plans to grow its range of secure electronic tokens of value and related services.
In a statement the company said: “In spite of the global economic meltdown, the products and services provided by the group remain resilient. The group will continue to pursue the growth of its global transactional footprint as the foundation for the roll out of its expanding range of secure electronic tokens of value and allied services.”
In line with this expansion strategy, Africa Prepaid Services – a subsidiary of BLT – concluded an agreement with Multilinks Telecommunications Ltd, a subsidiary of Telkom in Nigeria, in terms of which the company has been granted a license to act as telecom service provider in Nigeria.
BLT has also acquired an effective 50.1 percent stake in Virtual Prepaid Network LLC (“VPN”) through its newly formed wholly owned subsidiary BLT USA Inc. VPN is based in New York and is focused on virtual distribution of prepaid international calling cards servicing mainly ethnic and emerging markets.