MTN and Vodacom under new attack

TELKOM chief executive officer Sipho Maseko has accused the heads of MTN SA and Vodacom of acting against the best interests of the country by standing in the way of a bid to lower mobile termination rates while earning huge profits.

Mobile termination rates are the rates operators must pay one another as compensation when their users make calls to numbers on other networks.

Rate changes and methodology are being challenged in the courts by both MTN and Vodacom.

Maseko said in an open letter published on Sunday that the two mobile operators had hidden behind arguments that lower termination rates would compromise their capital investments and return to shareholders. Yet both had made enormous profits. – BDLive