South African court gives nod to mobile rate cuts

JOHANNESBURG, March 31 Mon Mar 31, 2014 9:34am EDT

JOHANNESBURG, March 31 (Reuters) - South Africa's telecoms regulator can go ahead with planned cuts to mobile interconnection rates, a court ruled on Monday, throwing out a petition by the two biggest operators to prevent reductions scheduled for April 1.

Vodacom and MTN had asked a Johannesburg High Court to stop the Independent Communications Authority of South Africa (Icasa) from forcing the operators to reduce the fees they charge one another to connect calls. (Reporting by Zandi Shabalala; Editing by Ed Cropley)