• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

Vodacom boosts customers, revenue

Jul 19 2012 07:51 Reuters

Company Data

MTN GROUP LIMITED [JSE:MTN]

Last traded 228
Change -2
% Change -1
Cumulative volume 3636970
Market cap 0

Last Updated: 17-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

VODACOM GROUP LIMITED [JSE:VOD]

Last traded 143
Change 1
% Change 1
Cumulative volume 974570
Market cap 0

Last Updated: 17-04-2015 at 05:10. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Vodacom slashes UK roaming rates

Vodacom DRC share auction put on hold

Vodacom MD steps down

Vodacom ups profit on higher capex

Vodacom forecasts higher earnings

Vodacom CEO to step down

 

Johannesburg - Vodacom Group [JSE:VOD], 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 on Thursday revenue totalled just over R17bn in the quarter to end-June.

Vodacom, which has operations in South Africa, Democratic Republic of Congo, Tanzania, Mozambique and Lesotho, said its customer numbers totalled 50 million at the end of June, compared with 47.8 million at the end of March.

"I am particularly pleased with the sustained high growth delivered by the 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 [JSE:MTN].

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 - (Tradeable) [JSE:J200] index.

 
vodacom group  |  mtn group

NEXT ON FIN24X

 
 
 

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
5 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

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.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht
Habits of the world’s richest people

Money Clinic

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

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...