In a move that largely surprised the market, Telkom (JSE:TKG) announced that it will slash prices of it ADSL broadband products by an average of around 18%. These pricing changes have been filed with the Independent Communications Authority of South Africa, and will be effective from August 1.
The monthly rental on Telkom’s 384kbps DSL service will now be R152, a 38% change (old rate: R245). Rental on the 512kbps DSL service will be R326 (10% decrease) and its 4mbps service R413 (20% lower). These costs obviously exclude ISP costs and voice line rental (which is still mandatory). Telkom contrasts the planned 384kbps prices with the tariffs from March 2005 (R449 per month). At that stage, 512kbps access cost R599.
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Source: Money Web
