Data must fall: Vodacom, MTN called out on data prices, spectrum issue brushed aside | IOL Business Report

JOHANNESBURG - The country's two biggest telecoms companies, MTN and Vodacom, tumbled on the JSE yesterday after the Competition Commission’s Data Market Inquiry accused them of excessive pricing and being anti-poor.

MTN stumbled 5.4 percent to R86.46 and Vodacom fell 5 percent to R115.07 after the anti-graft agency gave them until February to lower their data costs or face prosecution. The commission said its inquiry found that the data prices of both companies were higher in South Africa compared with their operations in other territories on the continent, placing cash-strapped consumers on the back foot.

busrep That is true. We pay much less for their services in Mozambique

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »

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 »