In its quarterly update released on Wednesday (5 February)‚ the telecommunications group said its revenue was up 10.5% to R20.219bn‚ with SA accounting for the bulk of this.
Vodacom said that group service revenue was up 6.4% to R16.248bn and in line with its forecast.
Total revenue in SA grew by 6.6% to R16.502bn in the quarter‚ boosted by a 26.9% growth in equipment revenue.
"This quarter highlights once again that our strategy of sustained network investment is key to allow us to grow our overall business while still driving down the cost to communicate‚" Vodacom's chief executive Shameel Joosub said.
"In SA‚ as an example‚ we have continued with our pricing transformation to drive the adoption of price plans that offer more value to customers‚ which has reduced the prepaid average price per minute by 25.3% to 56c and the average effective price per megabyte of data by 16.2%."
Service revenue internationally grew 32.6% to R3.695bn‚ supported by 22.8% growth in active customers to 25.0m mainly as a result of the success of street vendor channel‚ expanded network coverage and competitive bundled offers.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
