VOD - Vodacom works towards Mobile Termination Rate agreement
VOD
VOD
VOD - Vodacom works towards Mobile Termination Rate agreement
Vodacom Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/005461/06)
Share code: VOD
ISIN: ZAE000132577
Vodacom works towards Mobile Termination Rate agreement
Shareholders are advised that insofar as interconnection rates are concerned,
Vodacom (Pty) Limited ("Vodacom SA") has been conducting bilateral discussions
with other mobile operators to reach a fair and reasonable agreement that will
be mutually sustainable to all parties.
The bilateral negotiations, which have taken place under the regulations of
ICASA has resulted in an agreement being reached between Vodacom SA and MTN.
This agreement proposes a blended interconnection rate of R0.78, which declines
to R0.61 on a glide path. Unfortunately Vodacom SA has been unable to reach
agreement with Cell C who has insisted on an asymmetric approach. Vodacom SA
does not believe that Cell C is a new entrant to the market and therefore does
not support Cell C`s assertion. However, Vodacom SA continues to support the
process and trusts that an agreement will be reached shortly.
Midrand
23 October 2009
Sponsor: UBS South Africa (Pty) Ltd
Date: 23/10/2009 17:10:01 Produced by the JSE SENS Department.
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