Vodacom, MTN lose R22bn after competition watchdog data ruling

02 December 2019 - 23:33MTN and Vodacom lost R22bn of their combined value on Monday, after the competition watchdog gave the two dominant mobile phone operators two months to slash internet connectivity prices or face prosecution.

The ultimatum is likely to be seen as a victory for consumers, whose social media and street campaign against expensive data gained traction in 2017 when the Competition Commission set up an inquiry into the sector.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

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Vodacom, MTN lose R22bn after competition watchdog data rulingWatchdog gives firms two months to slash internet connectivity prices Good They’ve lost nothing. They cheated consumers for over 25yrs and now they must STOP. They’re lucky it’s not retribution for all those years. Noy a fan of Vodacom or MTN but this is ridiculous and i hope they fight it. Data has continued to falll year on year would have fallen massively if gov had completed digital migration instead of missing its own deadlines for decades.
Source: BDliveSA - 🏆 12. / 63 Read more »

Vodacom, MTN shares fall following data price reportShares in Vodacom and MTN have fallen following the release of the finding of a Competition Commission inquiry over their high data prices.
Source: City_Press - 🏆 7. / 72 Read more »

Competition Commission instructs MTN, Vodacom to cease anti-poor pricing or else | IOL Business ReportMobile operators must reach agreement with the commission within three months to offer all prepaid subscribers a lifeline package of daily free data.
Source: IOL - 🏆 46. / 51 Read more »

Vodacom, MTN could challenge Competition Commission’s report on data costCapitalist arrogance needs to be checked....
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MTN, Vodacom urged to 'voluntarily' lower data prices following report | IOL NewsThe ANC, in response to the two mobile giants' reasoning that data was so expensive because of the lack of spectrum, said that would be sorted in the near future and that should not be an excuse. That voluntarily is not sounding good DataMustFall that what we nid this sounds as if ANComRATS corrupt buddies of the mobile companies try to apologise on behalf of the Competition Commission.
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Data must fall: Vodacom, MTN called out on data prices, spectrum issue brushed aside | IOL Business ReportThe country's two biggest telecoms companies, MTN and Vodacom, tumbled on the JSE on Monday after the Competition Commission’s Data Market Inquiry accused them of excessive pricing and being anti-poor. busrep busrep That is true. We pay much less for their services in Mozambique
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