18-05-2015 08:57 via news.yahoo.com

South Africa's Vodacom FY earnings fall 6 percent

South African mobile phone operator Vodacom reported a 6 percent decline in full-year earnings on Monday chiefly after telecoms authorities slashed call connection tariffs hurt earnings. The company majority owned by Britain's Vodafone said diluted headline earnings per share came in at 840 cents in the year to the end of March, from 894 cents a year earlier. "In South Africa, we faced major cuts in mobile termination rates (MTRs), a weak economic environment, exchange rate volatility
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