Telkom boosted by mobile rates cut

Comment on this story


TelkomW

Independent Newspapers.

A Telkom advert. Photo: Leon Nicholas.

Johannesburg - Shares in Telkom rise nearly 2 percent to an almost 10-week high, a day after a South African court ruled the local telecoms regulator can go ahead with cuts to mobile interconnection rates.

Under the court ruling, Telkom will pay less to carry calls from two top wireless firms - MTN Group and Vodacom - while the two mobile giants will pay more to carry calls from Telkom.

Telkom is up 1.8 percent at 34.25 rand, a level last seen on January 23 and outpacing a 0.7 percent gain in the broader JSE All-share index. - Reuters


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks