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Vodacom ups third-quarter revenue

Feb 06 2013 07:59 Reuters

(Vodacom (Duncan Alfreds, News24))

Company Data

VODACOM GROUP LIMITED [JSE:VOD]

Last traded 129.01
Change 0.38
% Change 0.00
Cumulative volume 1614393
Market cap 191.96bn

Last Updated: 17/04/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

MTN GROUP LIMITED [JSE:MTN]

Last traded 216.17
Change 1.8
% Change 0.01
Cumulative volume 1541149
Market cap 404.72bn

Last Updated: 17/04/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

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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 said.

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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