Vodacom Group revenues increase 3.9%; domestic unit leads the charge

3 Feb 2011

South Africa-based Vodacom Group has reported consolidated revenues of ZAR16.03 billion (USD2.24 billion) for the three months ended 31 December 2010. This figure represents an increase of 3.9% year-on-year. Vodacom’s domestic unit, Vodacom South Africa accounted for ZAR14.07 billion in sales, or 87.7% of the group’s total quarterly revenues. The telecoms firm has yet to release figures for EBITDA or net profit. Of Vodacom South Africa’s revenues, mobile voice traffic was responsible for the lion’s share of the takings, generating ZAR7.43 billion, whilst mobile interconnection fees contributed ZAR1.78 billion, mobile data ZAR1.75 billion and mobile messaging ZAR644 million. Data exhibited the largest increase year-on-year, growing 50.5%.

In operational terms, Vodacom South Africa remains the firm’s largest unit by subscribers, although its customer base dropped 6.6% year-on-year, to 25.3 million. However, any losses have been offset by the company’s enlarged post-paid subscriber base which grew 14.8% year-on-year. Elsewhere, Vodacom units in Tanzania, Democratic Republic of Congo, Mozambique and Lesotho all increased their subscriber bases in the twelve months ended 31 December. Lesotho contributed the largest proportion of growth, increasing its customer base 28.6% to 823,000. Tanzania grew its subscriber base 26%, to end the year with 8.7 million subscribers, whilst Mozambique weighed in with 2.9 million customers (up 27.7%) and Democratic Republic of Congo 3.8 million subscribers (up 9.2%). Vodacom Group ended the calendar year with a consolidated wireless subscriber base of 41.6 million.

Vodacom CEO Pieter Uys commented: ‘Our strategy of focusing on operational delivery and offering increased value to customers has paid off with group customers increasing by more than two million to 41.6 million. In South Africa, the data business was a star performer, with growth in mobile connect cards and smartphones driving a 33.8% increase in overall data revenue. The international operations also continued to respond well to management actions with service revenue growth of 13.2%’.

South Africa, Vodacom Group, Vodacom South Africa