Vodacom blasts data report: Loses billions over commission findings

Vodacom blasts data report: Loses billions over commission findings

- Vodacom has hit back at the recent findings of the Competition Commission

- The company insists that it has reduced the price of data drastically over the past two years

- The findings have seen both Vodacom and MTN losing millions after they were accused of bloating costs

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Vodacom has clapped back at the recent report put forward on data being too expensive in South Africa.

Briefly.co.za reported that the Competition Commission had given providers two months to drop prices, or prosecution will be laid against them.

Now, Vodacom claims that a delay in allocating spectrum is the cause behind the high costs, hindering a further reduction in pricing, reports eNCA.

READ ALSO: Competition Commission says data prices must fall: Costs are anti-poor

Vodacom alleged that it has reduced the price of data by as much as 50% over the past two years, but the report noted the provider charged higher amounts locally than it did in other regions where it operates.

BusinessLIVE reports that both MTN and Vodacom had lost R22 billion of their combined value following the release of the report.

The move was seen as a victory for citizens, with the commission dubbing the high pricing as antipoor.

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Source: Briefly.co.za

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