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ICASA Move Ahead With Spectrum Auction; Citi Warns About Growth & Debt: GDP

SOUTH AFRICA

LOCAL NEWS

  • Communications Authority (ICASA) receives six applications to access IMT spectrum
  • Vodacom, Telkom, MTN, Cell C, Rain & Liquid in the 700MHz, 800MHz, 2600MHz & 3500MHz bands.
  • ICASA says it is ready to release spectrum in a fair way, despite Telkom attempting to stop the release, saying ICASA's process was flawed.
  • Spectrum is expected to reduce the cost of (currently expensive) mobile data dramatically and be a great source of growth in SA - and has been delayed by ~10 years.
  • First spectrum auction due by end-March 2021 - BusinessDay
  • Citi says Covid-19 restrictions likely to slow 2021 GDP recovery and may face revisions.
  • Also Debt:GDP may exceed 100% by 2022/23 fiscal year ahead of Govt's 2025 projection for stabilisation around 97%.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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