Vodacom revenue for first quarter revenue rises by 3.9%

PIC

Vodacom Group, South Africa’s largest mobile carrier and the continent second largest said its latest update that its revenue rose by nearly 4% to come in at ZAR20.7 billion.

First group service revenue grew 1.7 pct to 17.1 bln rand, normalised growth, excluding currency translation effects, was 5.9 pct

Added 2.5 million customers during the quarter, 2.3 million in South Africa and 280 thousand in our international operation.

The company’s first South Africa revenue growth accelerated to 7.8 pct aided by stronger device sales, service revenue growth was sustained at 5.6%

The group’s data revenue increased 15.1 pct, normalised 18.3 pct, to 6.7 bln rand.

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