Fin24

Tribunal to rule in Telkom case

2012-08-07 08:20

Johannesburg - The Competition Tribunal said on Tuesday it would release its ruling in a dispute between fixed-line operator Telkom [JSE:TKG] and the Competition Commission at 08:00 GMT.

The Competition Commission, South Africa's anti-trust regulator, had asked that Telkom be fined R3.5bn for an excessive pricing complaint stretching back to 2004.

Telkom has said the fine would be “catastrophic” and could jeopardise its business.