(Vodacom (Duncan Alfreds, News24))
Cape Town - Mobile operator, Vodacom Group [JSE:VOD],
reported a 1.7% increase in third-quarter revenue on Wednesday as it boosted
the number of active customers.
The South African unit of Britain's Vodafone Group, is
fighting to maintain its market share in its key South African market and is
keen to increase operations on the continent to diversify income.
The carrier said group revenue for the three months to end-December
came in at R18.3bn from R18bn the same period last year.
Active customers were up 12.2% to 51 million, the company
Vodacom is dwarfed on the continent by South African rival
MTN Group [JSE:MTN] and India's Bharti Airtel.
Vodacom shares are down 2% so far this year, lagging a 4%
rise in the JSE Top 40 - (Tradeable) [JSE:J200] index.
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