Telkom cuts wholesale price
Telkom says it reduced certain wholesale products in keeping with the obligations regarding the settlement agreement reached with the Competition Commission, which was made an order of the Competition Tribunal earlier this year.
The company 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%.
Telkom Wholesale will also 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, 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,” said Maseko.