1:37 PM / Updated 4 hours agoUPDATE 2-South African regulator tells Vodacom, MTN to cut data pricesNqobile Dludla 4 Min Read* Telecom shares drop after regulator recommendations * South Africa data prices higher vs other countries * Vodacom, MTN may face prosecution if they don’t comply (Adds details of report, share price, MTN and Vodacom comment) By Nqobile Dludla PRETORIA, Dec 2 (Reuters) - South Africa’s Vodacom and MTN could face prosecution if they do not agree to cut data prices in the next two months, the country’s competition watchdog said on Monday.
Shares in Vodacom closed down 5% at 115. 07 rand, a three-month low, while MTN was 6. 40 rand, its weakest in nearly nine months.
Smaller mobile rival Telkom’s shares dropped 4.