Loading...
See More

Vodacom boasts sales jump

Feb 08 2012 13:52 Reuters

Company Data

VODACOM GROUP LIMITED [JSE:VOD]

Last traded 143
Change -1
% Change -1
Cumulative volume 1830515
Market cap 0

Last Updated: 21-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

MTN GROUP LIMITED [JSE:MTN]

Last traded 226
Change 1
% Change 1
Cumulative volume 8123361
Market cap 0

Last Updated: 21-04-2015 at 05:06. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Vodacom ups revenue on data boost

Vodacom appoints new CFO

Vodacom bid to sell stake challenged

MTN in talks to buy Vodacom unit

Vodacom to reimburse BlackBerry users

Vodacom suffers service disruption

 

Johannesburg - Vodacom Group [JSE:VOD], the South African unit of Britain’s Vodafone, reported a 12% jump in the third-quarter sales on Wednesday, buoyed by solid growth in customers and its data business.

Vodacom said October-December revenue totalled R17.99bn up from R16.03bn a year earlier.

The company has been focusing on expansion outside its crowded home market as well as increasing its revenue from mobile data, which is expected to have huge growth potential in Africa.

Vodacom boosted its customers by 27% to 52.9 million, with nearly half of the new customers from outside South Africa.

Outside of its home market, Vodacom has operations in Democratic Republic of Congo - where it has been locked in a long dispute with its local partner - and a handful of smaller markets such as Tanzania, Mozambique and Lesotho.

Although the dominant mobile carrier in South Africa, Vodacom is dwarfed on the continent by South African rival MTN Group [JSE:MTN] and India’s Bharti Airtel.

Vodacom has said it is looking for opportunities for further expansion in Africa, with an emphasis on small-scale acquisitions in countries adjacent to its existing operations.

Data revenue increased by 24%, the company said.

 
vodacom group  |  mtn group

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

The driverless luxury car of the future!

Watch this video of the Mercedes Benz F 015 concept car, the company’s vision of a driverless future.

 
 

Luxury living

WATCH: Private luxury island for sale!
10 of the most ridiculous celebrity purchases, that cost millions!
Karl Lagerfeld spotted with custom gold Apple Watch
The most luxurious dog house!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What brand of smartphone has been stolen from you?

Previous results · Suggest a vote

Loading...