Watchdog likely to reach settlement with MTN, Telkom
14 June 2021 | Business
"We should be in a good position to yield an amicable settlement agreement by no later than end of August 2021," said Keabetswe Modimoeng, chairman of the Independent Communications Authority of South Africa (ICASA), in a release.
Two of the top three telecom companies in South Africa – MTN Group Ltd and partly state-owned Telkom – had dragged the ICASA to court in two separate cases claiming the process to auction high-demand spectrum in the country was disadvantageous to them.
As a result, the court halted the auction process that was due to be completed in March 2021.
President Cyril Ramaphosa has called the auction of spectrum, which had been delayed for over a decade, a major element of economic reform in the country.
On Thursday, he asked all parties involved to mediate on the issue and find a quick solution.
ICASA has been involved in discussions with the parties since March. It said that when a settlement is reached, it will need a few more weeks to announce a new date for the auction process to restart. – Nampa/Reuters