The media ecosystem is undergoing a massive change as streaming video looks to extend its recent dominance over traditional distribution, according to research firm MoffettNathanson.
Vodacom and MTN must drop mobile data prices significantly, failing which the Competition Commission will consider prosecuting the two companies.
The Competition Commission on Monday unveiled surprisingly broad-ranging, tough and radical interventions in the data services market, including a proposal that mobile operators be forced to give South Africans a free allocation of daily data.
Vodacom and MTN said in reaction to interventions by the Competition Commission that a failure by government to allocate spectrum timeously is one of the reasons data prices are higher than they would otherwise be.
Cell C’s creditors aren’t giving up on a takeover offer from rival Telkom, which South Africa’s third largest mobile network operator rejected last week.
Shares of Vodacom Group and MTN Group slumped after South Africa’s two biggest mobile phone companies were ordered to step up efforts to lower data prices within the next two months or face prosecution.
Communications regulator Icasa has said there is insufficient competition in aspects of the delivery of mobile broadband in South Africa.
Teraco CEO Lex van Wyk will step down as CEO of the giant data centre operator at the end of the year, the company said on Monday.
Ford has agreed to pay a fine of R35-million and to offer three compensation options to the 56 Ford Kuga 1.6 EcoBoost owners whose vehicles caught fire.
In the heart of New Delhi’s largest wholesale bazaar, merchants who normally compete with each other have united against a common enemy.