October 1, 2020 | internet | No Comments
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South Africa is planning to auction off more than 8 billion rand ($483 million) of high-speed internet spectrum following years of delays, giving a boost to wireless carriers such as Vodacom Group Ltd. and MTN Group Ltd.
The move will help to revive the economy by producing a rise in investment in broadband while helping to lower data costs, Independent Communications Authority of South Africa Chairman Keabetswe Modimoeng said at a briefing on Wednesday. Units of various bandwidth are priced at between 9.8 million rand and 1.16 billion rand, he said.
Vodacom and MTN, the country’s telecom market leaders, have long called for the release of spectrum to grow in their domestic market. Previous attempts at starting the auction have floundered on political disputes over how it should proceed and who