Vodacom 2Q12 revenues up 9.3% to ZAR17bn

19 Jul 2012

South Africa-based Vodacom Group has reported consolidated revenues of ZAR17.02 billion (USD2.08 billion) for the three months ended 30 June 2012, up 9.3% on the corresponding year-earlier period. The carrier’s domestic unit, Vodacom South Africa, accounted for ZAR14.01 billion of total sales (up 3.5% year-on-year), with international operations generating a further ZAR3.10 billion (up 46.2% y-o-y). In operational terms, Vodacom South Africa remains the firm’s largest unit by subscribers, with 37.661 million customers reported at the end of June, of which figure 30.970 million are classified as ‘active’. Of the latter figure, 25.284 million are pre-paid users. Elsewhere, Vodacom units in Tanzania, Democratic Republic of Congo, Mozambique and Lesotho all increased their active subscriber bases in the three months ended 30 June. Tanzania grew its user base 18.4% to 10.27 million users, whilst Mozambique weighed in with 2.70 million customers (up 31.5%) and Democratic Republic of Congo contributed 6.24 million subscribers (up 47.0%). Finally, Lesotho grew its mobile base to 966,000, an annual rise of 37.6%.

Vodacom CEO Pieter Uys commented: ‘Overall this was a good quarter with a particularly strong performance from our international operations supporting group service revenue growth of 8.7%. The connectivity revolution is well underway with close to 16 million customers actively using data, up 43% from the prior year. In South Africa, one of our key advantages is the size and reach of our network. Given the increasingly competitive environment, quality and capacity both set Vodacom apart and give us the means to compete with targeted value promotions. As an example ‘Vodacom4Less’, ‘NightShift’ and more recently ‘Power Hour’ tap into excess capacity on our network during slack periods and translates this into very competitive prices for our customers. Other customer groups are driven by entirely different things such as compelling data promotions and have benefitted from the reduction in the average effective price per megabyte of 26%’.

South Africa, Vodacom Group, Vodacom South Africa, Vodafone Group