Industry excitement as Icasa charges on with spectrum auction

13 January 2021

Mergence Investment Managers’ head of equity Peter Takaendesa yesterday said that the telecoms sector was one of the few net winners of the Covid-19 pandemic related shift in human behaviour as more people worked from home. Takaendesa said revenue continued to grow in 2020, despite an economy in deep recession and data price cuts of up to 40 percent on some packages following the Competition Commission’s agreements with the leading mobile operators.