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South African communications minister say smartphone tax talks 'encouraging' [Yahoo! Finance]

Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD)  More Company Research Source: Yahoo! Finance
US:NASDAQ Investor Relations: vodafone.com/content/index/investors.html
Treasury on cutting taxes on smartphones to make them more affordable as the country prepares for the switch-off of 2G and 3G networks. "We will be continuing with those discussions but the early signs are encouraging," Malatsi told Reuters on the sidelines of the Africa Tech conference. In its Next Generation Radio Frequency Spectrum Policy paper, the government has set Dec. 31, 2027 as the total shutdown date of these networks. To fully benefit from rapid technological advancements, the government's policy proposes the gradual phasing out and shutting down of older networks, such as 2G and 3G to free up radio waves for faster 4G LTE and 5G networks. But critics of the plan have said that it risks exacerbating the digital divide as many low-income consumers, particularly those in remote areas, may not afford newer smartphones designed for faster networks. "We've had preliminary engagements with Treasury about the proposals we have around smart devices and making them afford [Read more]
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Stockreport

South African communications minister say smartphone tax talks 'encouraging' [Yahoo! Finance]

Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares  (VOD) 
More Company Research Source: Yahoo! Finance
US:NASDAQ Investor Relations: vodafone.com/content/index/investors.html
Treasury on cutting taxes on smartphones to make them more affordable as the country prepares for the switch-off of 2G and 3G networks. "We will be continuing with those discussions but the early signs are encouraging," Malatsi told Reuters on the sidelines of the Africa Tech conference. In its Next Generation Radio Frequency Spectrum Policy paper, the government has set Dec. 31, 2027 as the total shutdown date of these networks. To fully benefit from rapid technological advancements, the government's policy proposes the gradual phasing out and shutting down of older networks, such as 2G and 3G to free up radio waves for faster 4G LTE and 5G networks. But critics of the plan have said that it risks exacerbating the digital divide as many low-income consumers, particularly those in remote areas, may not afford newer smartphones designed for faster networks. "We've had preliminary engagements with Treasury about the proposals we have around smart devices and making them afford [Read more]
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VOD
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Price Change %
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
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Multi-day stock performance from the time of the news release
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%
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%
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%
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PERFORMANCE SINCE EVENT
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