Sat Oct 22 01:57:24 SAST 2016

Vodacom's revenue go up by 6%

By Zweli Mokgata | Feb 03, 2010 | COMMENTS [ 0 ]

VODACOM Group increased revenue by 6percent despite an outcry over the impact of the Regulation of Interception of Communications and Provision of Communication-Related Information Act.

Chief executive Pieter Uys was pleased with the company's performance considering the combined impact of Rica, recession, a looming interconnection tariff drop and dismal performance from international operations.

The group recorded a 6percent increase in revenue to R15,4billion for the quarter ended on December 2009, largely from a robust performance in South Africa, offsetting declines in Tanzania and the Democratic Republic of Congo.

Group mobile customers increased by 7,1percent to 40,5million subscribers at the end of December compared to the same period in 2008.

Khulekani Dlamini, portfolio manager at Afena Capital, said the group's performance was in line with expectations.

He said Vodacom SA has around 27million subscribers, down from levels of about 29million last June.


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