Telkom fined R7bn for alleged anti-competitive abuses

SHOOT: No! Can you believe that Telkom stands accused of abusing its dominance in the Internet market? I hope this bankrupts Telkom.

clipped from www.techcentral.co.za The supreme court of appeal in Bloemfontein has dealt a big blow to Telkom, opening the way for the telecommunications operator to fined as much as R7bn for alleged anti-competitive abuses. The court has ruled in favour of the Competition Commission, which had appealed an earlier judgment by the high court in Telkom’s favour. The commission lost the high court battle, not on merit, but rather as a result of procedural errors it made. The case related to a seven-year-old complaint against Telkom at the commission, brought by the SA Vans Association. The 2002 Sava complaint led to the commission recommending that the tribunal impose a fine of 10% of Telkom’s annual revenues, amounting to about R3,7bn at the time. The supreme court has ordered has ordered Telkom to pay costs.