Vodacom: Mobile Data Prices Slashed by Around 43%, Service Provider Announces

Vodacom: Mobile Data Prices Slashed by Around 43%, Service Provider Announces

- Vodacom has reduced its mobile data prices by almost 43% after it was investigated by the Competition Commission

- Vodacom announced it would be reducing prices over a year ago when the 1GB 30-day bundle was dropped by almost R50

- The internet service provider was not the only one that was investigated as MTN faced the same issues

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Vodacom has slashed the prices of its 1GB 30-day bundle by another R15, reducing its cost by 43%. This after the Competition Commission investigated Vodacom and MTN in 2020, forcing them to reduce mobile data prices by up to 50%.

Vodacom first announced its first price reduction in March 2020, resulting in its 1GB 30-day bundle being dropped from R149 to R99. Vodacom continued by promising to further drop the prices in April this year.

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A promise it has now delivered on by dropping the price of that from R99 to R85.

Vodacom: Provider slashes prices due to competition commission
Vodacom has reduced mobile data prices by almost 50%. Image: Dean Hutton/Bloomberg and Simon Dawson/Bloomberg
Source: Getty Images

The networks investigated were pushed to come to an agreement with the commission or face prosecution by the Competition Tribunal. The report indicated that the market was dominated by the two leading mobile operators, MTN and Vodacom, which allowed them to charge excessively high prices for data.

Based on reports by BusinessLIVE, the reduction partnered with a Covid-19 lockdown which increased demand for internet services, resulted in increased traffic across the networks. This increase has aided in the offset of the expected revenue decline

News24 reported that the Competition Commission stated on Wednesday that Vodacom had further reduced specific other price points in relation to the agreement. A few examples of this would be the R29 price point has now gone from 150MB to 200MB of data.

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Previously, Briefly.co.za reported on the battle between 'Please Call Me' inventor Nkosana Makate and Vodacom continuing with allegations that the cellular giant knew better now surfacing.

It has now emerged that Vodacom had concluded that it owed Makate a staggering R63.4 billion for his invention but had only offered him R47 million.

Court papers filed in the Gauteng High Court revealed that two former employees have sworn under oath that the company knew it was underpaying.

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Source: Briefly.co.za

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