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Telkom agrees to pay its R449m fine
Telkom and the Competition Commission had been engaged in discussions aimed at arriving at a settlement regarding Telkom's appeal and the Commission's cross-appeal to the Competition Appeal Court.
On 15 March‚ the parties reached agreement that‚ subject to confirmation by the Competition Appeal Court‚ each party would withdraw its appeal and cross-appeal respectively and each party would pay its own costs.
The withdrawal of the appeal and cross-appeal was approved by the Competition Appeal Court on 12 April 2013.
Source: I-Net Bridge
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For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
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