Robust quarter for Vodacom

BUSINESS

-
Image: Pieter Uys, Vodacom Group CEO. By BiztechAfrica
Pieter Uys, Vodacom Group CEO

Vodacom Group’s revenues rose by 12.2% to pass USD2.3 billion, with subscriber figures passing the 52 million mark.

In releasing the group’s results for the quarter ending 31 December 2011 today, Vodacom Group CEO Pieter Uys said: “This was a good quarter for Vodacom, with a record increase in our customers of five million pushing us past the 50 million customer milestone.

Our International operations maintained the positive momentum and accounted for more than 40% of the increase in our total customers. Network investment continued to be a major focus with on-going upgrades to our transmission and radio access networks supporting the 41% increase in Group data customers. Vodacom now delivers data connectivity to nearly 14 million people.”

In the Group’s operations outside of home base South Africa, the quarter saw customers up 30.2% to 21.2 million, adding 2.2 million in the quarter.

In Tanzania, customer growth of 34.1% was supported by promotional offerings and improved distribution. Tanzania also saw strong growth of M-Pesa users, with 2.7 million active users.

Vodacom noted: “The M-Pesa system processed transactions in Tanzania worth more than USD400 million during the month of December alone. M-Pesa now accounts for 8.5% of Tanzania’s service revenue, compared to 3.1% a year ago.”

 In that country, The Group said its capital investment in Mozambique, smarter pricing and a specific focus on distribution underpinned a 16.9% increase in customers.

Despite uncertain political conditions during the quarter, the DRC delivered a good performance and also received a boost from the regulated minimum price.

The report added: “While we are encouraged by the strong revenue growth in the quarter, we remain focused on tackling the increased competition in all our geographies and also remain alert to fragile global economic conditions.”



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE BUSINESS NEWS

Further African expansion for Phoenix

Phoenix Distribution, a leading broad-based distributor on the African continent, has expanded its office in Nairobi, Kenya, in a move to better serve its partners in East Africa.  Read More

Garmin seeks business partners in West Africa

Garmin is hosting a trade delegation in Accra, Ghana from the 12th to 16th May 2014. Read More

Orange Telkom not closing Kenya business: Ghossein

Speculation that Orange Telkom Kenya would be closing its Kenyan operations has been put to rest. Read More

Dimension Data enters Ghana’s IT market

Dimension Data, a South Africa-based ICT solutions and services provider, has announced its entry into the Ghanaian ICT market. Read More

Glo rewards business partners

Globacom has showered 53 high-end vehicles and other prizes on its trade partners responsible for distributing Globacom’s products and services across Nigeria. Read More

Worldwide PC shipments decline

Worldwide PC shipments totalled 76.6 million units in the first quarter of 2014, a 1.7 per cent decline from the first quarter of 2013, according to preliminary results by Gartner Read More

Axis Solutions becomes first VMware Premier Partner in the WECA Region

Axis Solutions, a Pan-African ICT solutions provider headquartered in Harare Zimbabwe, is the first VMware partner to become a Premier Partner within the WECA region.   Read More

Nigeria to spur Oracle's African drive

Oracle Corporation has assured that Nigeria will be the centerpiece of its developmental drive in Africa. Read More

Pivot East nurtures promising startups

Pivot East, an innovative mobile web competition geared towards nurturing the growing ICT talent in East Africa, is providing an ideal platform to grow mobile web startups. Read More

Phoenix Distribution unveils new, interactive website

Phoenix Distribution, currently the leading value added software and CES distributor across the African continent, has redesigned its website, making it easier to use for clients and partners alike. Read More

PRESS OFFICES

Sage ERP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN Business

FEATURED STORY

Kenyan bloggers get their act togetherKenyan bloggers get their act together

Bloggers seem to be gaining a formidable position in Kenya’s online media fraternity, reports Semaj Itosno.

IN DEPTH

E-waste threatens Ghana’s beachesE-waste threatens Ghana’s beaches

Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste.

COMPANY NEWS

Further African expansion for Phoenix

Phoenix Distribution, a leading broad-based distributor on the African continent, has expanded its office in Nairobi, Kenya, in a move to better serve its partners in East ...