Vodacom’s subscriber numbers and revenue up in South Africa

3 February 2017

Telecoms

Vodacom has released its trading update for the quarter ended 31 December 2016, which shows that the company has increased its revenue and subscriber base in South Africa.

South African service revenue grew 5.5% to R13.4 billion – aided by a “strong data revenue growth of 22%”.

“Group data revenue increased 18.4% to R6.5 billion, representing 37.5% of service revenue,” said Vodacom.

Group service revenue was up 1.3% to R17.4 billion and revenue was up 1.2% to R21.2 billion. “Normalised growth, excluding currency translation effects, was 4.4% and 3.9% respectively.”

The operator said 690,000 active customers were added during the quarter in South Africa, while 876,000 were added in its international markets. Vodacom now has 65.2 million active customers across the group.

“I am pleased with what we achieved in the quarter. Performance was driven by strong customer growth in South Africa and strong data demand,” said Shameel Joosub, Vodacom Group CEO.

“The strong demand for data continues with traffic growth of 44.8% in South Africa and 61.7% across our international operations.”

4G network coverage

Joosub said Vodacom now provides 4G coverage to 70% of the population and 3G to 99%, and they plan to continue to invest heavily in network infrastructure.

“Including the current period, capital expenditure across the group will total at R40.6 billion over a three-year period, with R27.4 billion in South Africa alone.”

Source: My Broadband 1 February 2017