TELKOM'S shares fell 1.9% to R19 after ratings agency Moody's said a R446-million fine on the fixed-line operator is credit negative.
South Africa's competition regulator ruled last week that Telkom, which also runs a cellphone service, abused its dominance in the market.
Moody's said the fine will choke cash flow and increase leverage in the next two years.
Telkom's shares drop to R19
TELKOM'S shares fell 1.9% to R19 after ratings agency Moody's said a R446-million fine on the fixed-line operator is credit negative.
South Africa's competition regulator ruled last week that Telkom, which also runs a cellphone service, abused its dominance in the market.
Moody's said the fine will choke cash flow and increase leverage in the next two years.
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