Retailers angered by cut in Vodafone profit margins

The retailers’ body RGDATA has lodged a formal complaint with the Competition Authority following Vodafone’s decision to cut retailer profit margins on its electronic top-up facility for mobile phones.

RGDATA said the mobile phone giant gave retailers little or no warning about its plans to reduce the margin on electronic top-ups from 10% to 6.5%, representing a 30% fall in profits for shopkeepers.