Vodacom, MTN Slide On South African Call Rate Cuts
By Tiisetso Motsoeneng JOHANNESBURG (Reuters) – Shares of South African mobile operators Vodacom Group and MTN Group fell sharply on Monday after the telecoms regulator said it planned to cut by 75 percent the fees they can charge rivals to use their network. Conversely, after years of paying higher charges to connect to the two dominant mobile firms, fixed-line operator Telkom saw its shares jump to a 1-1/2 year high. The government, facing elections next year, is on a push to reduce call costs that are above the average on the continent. …
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