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Telkom to appeal $55m competition fine

South African fixed-line operator Telkom SA said on Thursday it would appeal a $55 million regulatory fine imposed for using its dominant market position to stifle potential competitors.

South Africa's competition regulator this month slapped Telkom with a lighter-than-expected fine of 449 million rand ($55 million) over a longstanding complaint it blocked competition from other network service providers.

Photo: Simphiwe Mbokazi. Credit: Independent Newspapers

Telkom said in a statement it had filed notice that it would appeal the ruling. It will have 40 days to file the appeal, it said. - Reuters

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