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Vodacom: rate cut fallout could be serious

Johannesburg - Mobile operator said on Monday regulator Icasa's plan to cut in half by next year the fees carriers charge rivals to use their network was "too steep" and could have a "serious negative impact".

Shares of Vodacom, a unit of Britain's Vodafone Plc, and rival MTN Group were hit on Monday after Icasa said it planned to cut mobile termination rates by 75% over the next three years.

 
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