MTN and Vodacom plunge on Competition Commission warning
MTN’s share price fell as much as 8.4%, to levels it last saw at the height of its tax dispute with Nigerian authorities in March
02 December 2019 - 16:47
Mobile operator MTN’s share price dropped to a nine-month low on Monday afternoon, after the Competition Commission said SA’s operators could face prosecution if they do not lower data prices.
MTN's share price fell as much as 8.4% to R84.61, a level last seen at the height of its tax dispute with Nigerian authorities in March. Vodacom’s share price dropped to an intraday low of R111.56, down 7.89%, a level it last reached on August 30. ..
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