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Telkom today announced tariff reductions on certain wholesale products in keeping with the obligations in this regard in the settlement agreement reached with the Competition Commission, which was made an order of the Competition Tribunal on 18 July 2013.
Telkom and the Commission had agreed which products will be subject to price reductions, as well as the extent to which the tariffed prices of those products would be reduced within the 2014 financial year.
Accordingly, and effective 17 October 2013, Telkom Wholesale will reduce the effective tariff prices of IP Connect by 8%; Diginet by 4%;CHIPAC by 4%; Ethernet Express by 6%; Metro Clear by 6% and IPLC’s by 25%.
Additionally, Telkom Wholesale will implement an effective 10% price reduction on the off the shelf prices, across the following SAIX Dedicated Access services: SAIX Silver National International 75/25; SAIX Gold National International 75/25; SAIX International IP Transit and SAIX National Plus.
"Telkom's undertakings to reduce prices was aimed at stimulating increased competition in the market with a large emphasis on wholesale," says Group CEO, Mr Sipho Maseko.
"Telkom is committed to fully complying with the provisions of the settlement agreement which is proof of a higher level of transparency within Telkom and ultimately a further expression of the foundation of a new Telkom," concluded Mr Maseko.
Pynee Chetty Senior Specialist: Media Relations Group Communication Tel:+27 12 642 1716 Mobile: +27 81 389 7874 Email: chettpr2@telkom.co.za |
OR |
Leigh-Ann Francis Specialist: Media Relations Group Communication Tel: +27 12 642 1728 Mobile: +27 81 391 4780 Email: francilm@telkom.co.za |
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Telkom is a leading communications services provider in South Africa. We had consolidated operating revenue of R16.8 billion and normalised profit after tax of R1, 683 million for the period ended 30 September 2015. Total assets amounted to R41.9 billion and equity attributable to the owners of Telkom to R23.5 billion as of 30 September 2015. The group generated normalised free cash flow of R1.4 billion for the period ended 30 September 2015.
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