Vodacom Reports Positive Growth in South Africa

Mergers, Acquisitions and Financial Results

As at 30 June 2007, Vodacom Group recorded 32.4 million customers across its networks operating in South Africa, Tanzania, the Democratic Republic of the Congo, Lesotho and Mozambique, reflecting a 7.5% increase in the three months since 31 March 2007.

The growth in the customer base is a result of high gross customer connections of 4.4 million for the quarter. The group's non-South African operations comprised 7.8 million customers, or 24.1% of the total customer base.

Year on year revenue for the quarter ended 30 June 2007 increased by 18.6%, while total group customers increased by 28.4% since June 30, 2006.

South Africa increased its customer base by 6.9% since 31 March 2007 to 24.6 million customers in an increasingly competitive market. South Africa's customer base comprises 3.2 million contract customers and 21.3 million prepaid customers, reflecting increases of 7.5% and 6.9% since March 31, 2007, respectively.

Vodacom South Africa claims it has retained its leadership in a highly competitive South African mobile communications market with an estimated market share of 59% at June 30, 2007. The SIM card penetration of the cellular industry in South Africa is now an estimated 89% of the population.

Vodacom's non-SA operations increased their total customer base by 9.3% since 31 March to 7.8 million customers. The group reports satisfactory customer growth achieved in all non-South African operations, most notably DRC, with a 13.3% increase in its customer base.

(Source: Biz-Community)