Johannesburg - Mobile phone company Vodacom has increased its total customers by 12.7% to 34m in the year ended March, telecommunications giant Telkom (TKG) said on Tuesday.
Telkom own 50% of Vodacom, while the UK's Vodafone owns the other 50%.
Vodacom Group CEO Alan Knott-Craig said: "Our 50% shareholder Vodafone will be reporting financial results for the same period today. As this presentation will include strategic financial information about the Vodacom Group, we have repeated this information in our own press release to ensure clarity."
He added that highlights of Vodacom's financial results for the year ended March 2008 include a 17.1% increase in revenue to 48.2bn and a 15% rise in profit from operations to R12.5bn.
EBITDA increased by 15.7% to R16.5bn and cash generated from
operations increased by 17.8% to R16.3bn.
Vodacom will release a detailed analysis of its operations and indicators for each of the five countries in which it does business on Monday June 9.
- I-Net Bridge