Highlights

	Successful listing and capital raising of R1.3 billion
	Microsoft Corporation’s acquisition of a 12% equity stake in the Group and conclusion of strategic collaboration agreement
	Microsoft Corporation’s acquisition of a 38.85% equity stake in Oxigen Services India
	Revenue of R5.8 billion
	Pro forma core net income after tax of R180 million

Commentary

INTRODUCTION

The directors of Blue Label Telecoms Limited (BLT) are proud to present the maiden reviewed interim results for the six months ended 30 November 2007. The results have exceeded expectations resulting in excellent growth and are above the financial forecasts for the period under review.

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