Fin24

Vodacom boosts customers, revenue

2012-07-19 07:51

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.

 

Comments
  • carol.dempers - 2012-07-19 08:25

    Pity thEy don't look after all their clients!! \r\n\r\nI have heard thAt Blackberry clients, using Vodacom, ae capped at 110mb!! Really??! I bought a Blackberry because I only pay R59 pm to use internet! Time to change service provider! Celll C have a good deal for Blackberry clients R57 pm NO CAP!!

      jackey.moss - 2012-07-19 11:10

      @Carol..Its no more just the R59 that you can convert, You now have to have a minimum of R65 for BIS....I am also considering Cell C..

  • william.letsong.5 - 2012-07-19 09:17

    What I don't understand is that people use to complain alot about high cellphone call rates, but they continue to allow these overseas money hungry companies to rip them off. CellC is the best option at the moment for me with their 24hour 99c call rate to any network. We demanded lower call rates, now port so that others are forced to lower their rates. Vodafone is ripping South Africans off!

  • patricia.spooner.1 - 2012-07-19 09:23

    Vodacom u should hang your head in shame. Coverage of your networks is non-existant and yet you continue to sell contracts that you are not delivering on. For 6 years we have lived in a complex in Broadacres and you can't even get Edge coverage never mind their contractual 3G which is somewhat like the infamous G-spot!

  • jaun.lombard.9 - 2012-07-19 13:50

    Yeah revenue is up because data is more expensive than calls!!!

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