Commission gives Vodacom, MTN another month to lower data prices

Commission gives Vodacom, MTN another month to lower data prices

- Cellular giants MTN and Vodacom have been handed a month to lower their prices

- The South African Competition Commission has given the network operators time to come up with a deal

- This follows the commission finding that costs were inflated in its Data Services Market Inquiry report

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MTN and Vodacom have been given another month to come up with an acceptable deal with the SA Competition Commission.

Briefly.co.za reported that the two network operators were ordered to drop their prices after the release of the Data Services Market Inquiry report.

The commission had told the pair to reach an agreement to reduce costs, especially for monthly data bundles and to address the structure of data pricing.

SowetanLIVE reports that the two companies control around 70% of South Africa's mobile industry, with the report also calling for 'pro-poor measures'.

READ ALSO: Vodacom blasts data report: Loses billions over commission findings

In a statement issued on Sunday, the commission revealed separately 'productive engagements' had been underway:

“Given that the engagements with the operators are at an advanced stage, the commission has decided to extend the two-month deadline by one month to allow sufficient time to conclude these engagements."

Commenting on the release of the report, Trade and Industry Minister Ebrahim Patel noted the competition issue in the market:

“The prices are higher than they should be and higher than any other markets elsewhere in the world. The 21st century is being reshaped by data. If we want to grow the economy, we need to have the lowest possible data prices."

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Source: Briefly.co.za

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