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VOD - Vodacom works towards Mobile Termination Rate agreement

Release Date: 23/10/2009 17:10
Code(s): VOD
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VOD - Vodacom works towards Mobile Termination Rate agreement Vodacom Group Limited (Incorporated in the Republic of South Africa) (Registration number 1993/005461/06) Share code: VOD ISIN: ZAE000132577 Vodacom works towards Mobile Termination Rate agreement Shareholders are advised that insofar as interconnection rates are concerned, Vodacom (Pty) Limited ("Vodacom SA") has been conducting bilateral discussions with other mobile operators to reach a fair and reasonable agreement that will be mutually sustainable to all parties. The bilateral negotiations, which have taken place under the regulations of ICASA has resulted in an agreement being reached between Vodacom SA and MTN. This agreement proposes a blended interconnection rate of R0.78, which declines to R0.61 on a glide path. Unfortunately Vodacom SA has been unable to reach agreement with Cell C who has insisted on an asymmetric approach. Vodacom SA does not believe that Cell C is a new entrant to the market and therefore does not support Cell C`s assertion. However, Vodacom SA continues to support the process and trusts that an agreement will be reached shortly. Midrand 23 October 2009 Sponsor: UBS South Africa (Pty) Ltd Date: 23/10/2009 17:10:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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