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- Vodacom says that the Lesotho High Court granted him an injunction against the local authority’s decision to revoke his license.
- He accuses Vodacom of appointing an auditor who has a family connection to its president.
- Vodacom has also been fined millions.
- For more articles, visit www.BusinessInsider.co.za.
Vodacom won a round in its battle against Lesotho’s regulator, which revoked its license on Thursday.
The Lesotho Communications Authority (LCA) said it stripped Vodacom of its license for failing to pay a fine of more than 40 million rand.
But Vodacom confirmed late Saturday that Lesotho’s high court granted an interim order prohibiting the Lesotho Communications Authority from revoking the company’s license.
The court also granted an injunction against the LCA to enforce the payment of the fine it imposed on Vodacom.
As for the court order, the LCA must prove on October 23 why the interim order should not be a final court order, a Vodacom spokesperson confirmed to Business Insider.
“We reassure the citizens of Lesotho that we remain fully focused on delivering great value and a superior customer experience to the 1.2 million people who have chosen us as their network provider of choice and the approximately 661,000 M- users. Even though they trust us for inclusion. access to financial services. In other words, it’s still business as usual for all of our valued customers. “
In a strongly worded statement in Sesotho, the LCA last week accused Vodacom Lesotho of violating government rules by appointing an audit firm associated with its president’s sister-in-law, Matjato Moteane, to audit its accounts, which, it noted. LCA, including money from the Lesotho community, which flows through Vodacom’s M-Pesa payment system.
The LCA said Vodacom showed “stubbornness” and “pride” after being confronted with this alleged violation, and accused it of attempting to hold back the nation for its control of telecommunications in Lesotho.
Fine to Vodacom R 134 million, with 70% of the fine suspended provided Vodacom complies with licensing rules in the future.
Vodacom Lesotho Managing Director Philip Amoateng accused the LCA of displaying “hostility” towards Vodacom.
Vodacom Lesotho was launched in 1996 and has 1.2 million customers.
Vodacom has been clashing with the LCA for some time, The Post in Lesotho reports. The main source of controversy is apparently how much the mobile phone company owed the LCA in annual installments, which are calculated as a percentage of the company’s net operating income.
According to the publication, Vodacom does not consider its income from its mobile payment platform Mpesa as part of its income for calculation purposes, while the LCA opposes this approach.
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