Vodacom revenues up 20.9%

29 May 2007

South African cellular group Vodacom has reported a 22.9% increase in full-year operating profit to ZAR10.9 billion (USD1.5 billion), with revenues up 20.9% to ZAR41.1 billion. The group’s customer base rose 28.2% to 30.2 million in the year to the end of March. Vodacom, which is jointly owned by Telkom South Africa and Vodafone, is the largest cellco in its domestic market and also has mobile operations in Tanzania, the Democratic Republic of the Congo, Lesotho and Mozambique.

South Africa, Vodacom Group