Vodacom reports 19.5% rise in subscriptions

23 Jul 2009

South African mobile group Vodacom has posted a 19.5% year-on-year rise in subscribers across its African operations for the three months ended 30 June 2009. It closed the quarter with 41.3 million customers, of which 28.74 million are subscribed to Vodacom’s domestic operations in South Africa, up from 24.89 million in the same period a year earlier. The company also offers services in Tanzania, Lesotho, Mozambique and the Democratic Republic of Congo; there were 12.57 million subscribers to Vodacom’s international operations by the end of June, up 30% from 9.67 million at the end of June 2008. Group revenues for the three month period were up 12.2% year-on-year, up to ZAR14.2 billion (USD1.8 billion). Vodacom expects customer growth to slow in the remaining quarters as customer registration is now required in its three largest markets.