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Vodacom, MTN shares fall on outcome of Competition Commission's data market inquiry

Creamer Media Writer
The share prices of South Africa's two largest mobile operators, MTN and Vodacom, fell on Wednesday, after the Competition Commission announced that international benchmarking had confirmed that the country performs poorly in terms of data pricing, with unnecessarily high prices, particularly for mobile prepaid data. Competition Commissioner Tembinkosi Bonakele told media at the release of a provisional report on the commission's Data Services Market Inquiry, that the country’s prepaid mobile data prices faired poorly internationally and among its Brazil, Russia, India, China and South Africa, or Brics, and Southern African Development Community, peers, noting, in particular, that MTN and Vodacom have lower data prices in other markets in which they operate.

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