Have money, will waste

Given that the Universal Service Obligation Fund (USOF) has R21,840 crore of funds lying unutilised, it’s not surprising the Deepak Parekh committee on infrastructure financing has found a new way to use the money since, for a cash-strapped industry, that’s pretty useful money. More so since the USOF is an unending fund as it gets 5% of all telecom revenues annually.

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