Vodacom takes R2bn hit on rate cut
19 May 2015 - 10:02
Stung by a R2bn hit in revenue due to a forced cut in mobile termination rates‚ Vodacom is now seeking aggressive international growth in "areas where there is clear advantage"‚ according to a media report. Analysts had warned that Vodacom‚ SA’s largest by subscriber numbers‚ stood to lose the most from the reduction in termination rates‚ given its proportionally bigger share of the market, the Business Day reported.Vodacom CEO Shameel Joosub also lamented the slow pace at which spectrum became available in SA."Honestly‚ we want to invest in SA but the authorities have to give us the capability to move ahead faster."..
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