Vodacom subscribers pass 50 million

Vodacom Group has reported consolidated revenues of  USD3.4 billion for the six months ending 30 September 2012, up 6.9% on the corresponding period the year before. The number of group active subscribers increased by 20.8% to 50.1 million. Group voice revenue grew 7.3% and data revenue grew 20.2%.

Shameel Joosub, Vodacom Group CEO commented “This was a great set of results with improvements  in the traditional voice business and strong  performances in the data and International segments lifting overall revenue growth. He noted that across the group, only 35% of its active customer base was actively using data, leaving room for growth in this area.

The report said international operations had reached a critical turning point in terms of profitability.  International operations delivered strong operational performance, with service revenue generating 36.5%, supported by 19.2% growth in active customers and an outgoing traffic increase of 41.6%. Data revue grew 140.7%, with a 128% growth in active data customers, to 4.3 million.

Vodacom noted that among other milestones, 3G services had been launched in DRC and daily data bundles had been introduced in all its operations. Mobile financial services are also growing, with active M-Pesa customers almost doubling compared to the previous 4.2 million customers. In Tanzania, 47.1% of its customer base is actively using M-Pesa. Vodacom said it would build on this success by rolling out similar money transfer services in DRC, Mozambique and Lesotho in the next 9 months.

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