Vodacom comments on potential interconnect losses

ag shame vodacom-non-zuma cashcow is going to suffer a little because they didn't want to pay sit when ordered so.
 
Who is the largest shareholder in Vodacom?

Then we know who is pushing so hard for this R1billion to be clung to so desperately... ;)

It's so weird, that a greedy company, that raped it's clients, is now begging, to be allowed to continue doing so... :rolleyes:
 
Lightscribe said:
It's so weird, that a greedy company, that raped it's clients, is now begging, to be allowed to continue doing so... :rolleyes:
Click to expand...

The interesting fact is that if my understanding is correct the predicted reduction of profits of R1bil is before any reduction in the retail tariffs charged to VC's customers. This loss would be mainly attributable to the reduction in the difference between the asymmetrical rates between VC and Telkom and would result in a benefit to Telkom of a similar amount - hopefully Telkom would pass some of this benefit on by reducing the cost of landline calls to the mobile networks.

A reduction of VC's retail tariffs by a amount corresponding to the desired interconnect reduction would I suspect decrease their profits by multiples of the R1bil.
 
Vodacom Financial Highlights

Year 2009
Income Statement (000's)
Operating Profit 11,607,100
Gross Income 11,715,300
Net Profit 6,076,500
 
Some time ago I posted here making commentary about the amount of money they're milking us for from MTR rates.

Someone mentioned that those rates could not be taken as factual or that it really held any water to their bottom line.

I'm not looking to argue, but the following commentary now has to open all of our eyes:

Uys revealed that Vodacom’s net interconnection revenue gain was R964-million over the last six months, translating into just under R2-billion per annum.

If Parliament’s proposal of a 50% reduction in MTR is realized, Vodacom stands to lose as much as R1-billion in annual profits, something which clearly does not sit well with the cellular provider. “If the peak rates come down it will have a big impact on our financials and profitability,” said Uys.
Click to expand...

Who cares about the losses!?! :mad:
You lot still make more than enough money.
All that happens is that your share price drops a bit and dividends paid out are a bit less.
In the long run, yourself (VC) and MTN are still the only two companies large enough to milk us, so your profits will still be at all time highs!

Let it go VC!

Perhaps AKC should make an appeal to them like some hypocritical prodigal son. :rolleyes:
 
Lightscribe said:
Who is the largest shareholder in Vodacom?

Then we know who is pushing so hard for this R1billion to be clung to so desperately... ;)

It's so weird, that a greedy company, that raped it's clients, is now begging, to be allowed to continue doing so... :rolleyes:
Click to expand...

can you blame telkom mobile for wanting an easy ride in ?
 
How pathetic, they make noise about their profit and so transparently.
They should be making noise that the winners in this case (like Telkom and Cell C) do not gain.
We the consumers will not see any benefit directly, but should do so indirectly.
Its strange though that this starts only when Telkom sells VC. It could just be a ploy that Telkom is taking profit from VC.
We wait.
 
They don't stand to "Lose a billion Rand". They will still be making billions of Rand in profits

They just stand to lose out on making super profits, which they are not entitled to.

VC and MTN have been milking us for long enough.

DIAF
 
What they will loose in the swings they will gain on the round abouts. I anticipate an increase in some other rate/tarrif.
In business I have a saying and that is everyone is entitled to a fair profit. Milking the public for years and then wining when the rug gets pulled does not consitute a fair profit - it is a flippen rip off.
I have another saying... Hey Vodacom, build a bridge, and get over it.
 
Oh boo-hoo Vodacom, as has been stated, it's about time the consumer got something out of all of this.

B
 
200 million rand loss per month on interconnect?

WTF?

Just last month they were telling us that interconnect rates have a zero-rated effect.

Now we're supposed to believe them?

Bwaaahahahahahahaha.

I would send the CEO an SMS that reads:
Bwaaahahahahahahahahahaha

But, @ 80c for the SMS, it would be cheaper to write it on a piece of paper(5c), wrap the paper around a brick(65c) and throw it through his window.
 
"Uys revealed that Vodacom’s net interconnection revenue gain was R964-million over the last six months, translating into just under R2-billion per annum"

no wonder they can through money around.......
 
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