Thu May 23 00:06:27 SAST 2013
Thu May 23 00:06:27 SAST 2013

Vodacom customers up to 50 million

Jul 20, 2012 | Reuters | 2 comments

As revenue rises

PLEASED: Pieter Uys

VODACOM , the South African unit of British mobile operator Vodafone, has reported a 9,3% rise in first-quarter revenue, buoyed by growth in data and customers.

Vodacom said revenue totalled just over R17 billion in the quarter to end-June.

Vodacom, which has operations in South Africa, the Democratic Republic of Congo, Tanzania, Mozambique and Lesotho, said its customer numbers totalled 50 million at the end of June, compared with 47,8million at the end of March.

"I am particularly pleased with the sustained high growth delivered by international operations. Data demand in this segment is accelerating, with active data customers increasing 152% and data revenue up 150%," chief executive Pieter Uys said.

Group data revenue was up almost 17%.

Although Vodacom has the largest subscriber base in South Africa, it is dwarfed on the continent by MTN Group.

Vodacom and its rivals are fighting to extract more revenue from data as the market for mobile voice usage stagnates.

The company said this month that Uys would step down in March, to be replaced by Shameel Joosub, a Vodacom veteran who is currently head of Vodafone's Spanish unit.

Vodacom shares are up 2% this year, compared with a 4% rise in the benchmark Top-40 index.

Comments

Thu May 23 00:06:27 SAST 2013 ::
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Jul 20, 2012

BraSipho

Revenue up 17% they say proudly!!
Terrible service and way too expensive.
Thank god I left them.

Stand together and save your money!!
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Jul 20, 2012

junta99ekurhuleni

F*ck Vodacom,they're way too expensive whether it's data or voice usage. I'm glad I left them....I still don't understand what attracts a lot of people to this service provider....Nxaaa!!! I hate them with passion!!
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