Vodacom Posts Modest Rise in 4th-Quarter Revenues

Published on: 6th Feb 2013

­South Africa based Vodacom has reported that its fourth-quarter revenues rose by 1.7 percent to reach R18.3 billion. Excluding the sale of Gateway Carrier Services and the impact of movements in foreign currency, revenue would have been up by 4.8%.

South African service revenue declined by 1.7% due to competitive and economic pressures, coupled with a temporary impact from actions to reduce unprofitable calling card SIMs.

Group active customers increased 12.2% to 51 million, of which 18.5 million are now active mobile data users.

Shameel Joosub, Vodacom Group CEO commented: "It's been a quarter with strong performances in data and our International operations tempered by some challenges in our
South African business."

"Active customer growth across the Group was also positive, with the International base growing 13% and the South African base growing 12%."

Vodafone Group owns 65% of Vodacom.

 

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