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Vodacom boosts customers, revenue

Jul 19 2012 07:51 Reuters

Company Data

MTN GROUP LIMITED [JSE:MTN]

Last traded 246.02
Change -0.53
% Change 0.00
Cumulative volume 2039788
Market cap 454.72bn

Last Updated: 22/08/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

VODACOM GROUP LIMITED [JSE:VOD]

Last traded 129.72
Change -0.92
% Change -0.01
Cumulative volume 581622
Market cap 193.02bn

Last Updated: 22/08/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

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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.

 
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