South Africa's Vodacom to spend $27 mln to add network capacity during lockdown [Reuters]
VODACOM GROUP LTD S/ADR (VDMCY)
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Source: Reuters
South Africa's Vodacom to spend $27 mln to add network capacity during lockdown JOHANNESBURG, April 15 (Reuters) - South Africa’s Vodacom Group said on Wednesday it will spend over 500 million rand ($27.04 million) over two months to add network capacity as traffic surges across its mobile and fixed networks as people stay home during the national lockdown. Vodacom, which competes with rival MTN Group, has also applied to telecoms regulator, the Independent Communications Authority of South Africa (ICASA) for temporary spectrum and is waiting for its application to be evaluated, it said in a statement. South Africa has imposed a five-week lockdown to the end of April to curb the spread of the coronavirus.
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