Fin24

Vodacom boasts sales jump

2012-02-08 13:52

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.

 

Comments
  • Jdcptza - 2012-02-08 15:15

    Who celebrates news like this? Vodacom extends its rubbish 'service' to the rest of africa. I am not surprised data revenue increased so much you are ripping people off!! Time to relax on the greed a bit i think!! Start offering real value!! Or can you tell me why 750MB costs R220 pay as you go 3G with erratic performance within a coverage area (and dont tell me im on a fringe area)that does not give me the 3G service i overpaid for 90% of the time. I am moving away to ADSL land line because of this so you can deduct Vodacom an extra R440 per month ito projected share loss.

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