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Network news

Vodacom says it has 51m customers

6 Feb 2013 11:59
Vodacom said on Wednesday (6 February) that its active customers increased by 12.2% to 51m after the December quarter.
Group revenue was up 1.7% to R18.3bn‚ and, excluding the sale of Gateway Carrier Services and the impact of movements in foreign currency‚ revenue was up 4.8%. Data revenue was 23.3% higher with active data customers increasing 33.8% to 18.5m in response to higher smartphone penetration resulting in more data bundles being sold.

Vodacom reported continued growth from its ongoing international operations and its service revenue was up 22% supported by strong customer growth and increased adoption of data services.

International data revenue grew by 100%‚ led by 72.6% growth in active M-Pesa customers to 4.7m.

South African service revenue declined by 1.7% due to competitive and economic pressures‚ coupled with a temporary impact from Vodacom's actions to reduce unprofitable calling card1 SIMs.

Chief executive Shameel Joosub said it had been a quarter with strong performances in data and the group's International operations tempered by some challenges in its South African business.

"Our group revenue expanded by 4.8% year-on-year and 7.1% quarter-on-quarter. Group data revenue grew 23% and revenue from the International operations grew 22%.

"Active customer growth across the group was also positive‚ with the International base growing 13% and the South African base growing 12%. While customers increased‚ voice revenue in South Africa was affected by more active competition in a softer economy‚" he said.


SOURCE

I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
    
 
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