Watchdog gives firms two months to slash internet connectivity prices
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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