I often wonder if certain captains of industries are entirely disconnected from reality. It’s the only thing that can explain the breathtaking gall of Vodacom CEO Shameel Joosub, who complained publicly that new regulations would cost his company R1bn in 2015, threatening to sue as a result
Vodacom will lose R1bn in the 2015 financial year if the Independent Communications Authority of South Africa’s final termination rates are not challenged and overturned. That claim was made by the operator’s group CEO, Shameel Joosub, on a call to analysts on Wednesday
The halving of mobile phone termination rates will hurt MTN and Vodacom but benefit smaller operators, Moody’s said on Monday. Vodacom will be hardest hit because it had the biggest share of the South African mobile telecommunications market, with 47%, and the bulk of its cash flow came
Spare a thought for Shameel Joosub and Zunaid Bulbulia. The Vodacom and MTN chief executives must feel like they’re being unfairly picked on for running successful, profitable businesses. This week, telecommunications industry regulator Icasa published final regulations that will
JSE-listed telecommunications operator MTN has named Michael Fleisher to the position of group chief legal counsel, effective 1 February. Described by the group as a “seasoned legal professional”, Fleisher’s appointment is likely to raise a few eyebrows. As Finweek points
MTN has taken issue with the final call termination regulations announced by telecommunications regulator Icasa on Wednesday, saying the proposed “asymmetry” that benefits smaller operators is “unsubstantiated”. Under the regulations, smaller operators
The Independent Communications Authority of South Africa (Icasa) has dealt a blow to telecommunications operators in South Africa that have more than 20% retail market share, introducing aggressive asymmetry that favours smaller operators
Communications minister Yunus Carrim says mobile operators should accept the Independent Communications Authority of South Africa’s (Icasa’s) move to chop wholesale inter-network call rates and the introduction of a regime that favours smaller operators. Icasa on Wednesday
Cell C, the big winner in Tuesday’s publication by telecommunications regulator Icasa of wholesale inter-network call rates for the coming four years, has lauded the authority’s decision to introduce aggressive “asymmetry” that favours it and other smaller
Telkom on Wednesday denied speculation in the media that it has received a proposal from a Southeast Asian company or grouping for the sale of its mobile towers business in a deal that reportedly could be valued at as much as US$3bn. On Tuesday, a report on the
