June 27, 2017 / 7:48 AM / 2 months ago

BRIEF-Blue Label Telecoms' unit to buy 3G Mobile for 1.9 bln rand

June 27 (Reuters) - Blue Label Telecoms Ltd:

* Unit TPC concluded an agreement with 3G Mobile Proprietary Limited in terms of which TPC will acquire 100 pct of 3G for 1.9 billion rand

* 3G mobile to be acquired in two stages, initial acquisition by TPC of 47.37 pct of issued share capital of 3G for consideration of 900 million rand

* Acquisition of remaining 52.63 pct of issued share capital of 3G mobile for a purchase consideration of 1.0 billion rand

* Cash consideration of 1.65 billion rand will be funded either from available cash resources Source text for Eikon: Further company coverage:

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