Vodacom’s mobile customers increase

2010-02-02 10:27

LISTED cellphone company Vodacom’s mobile customers increased by

9.5% to 40.5?million, the company said today.

In a trading statement for the quarter ended December 31, Vodacom

said it had seen six percent growth in group revenue to R15.425?million for the

period.

The group’s South African business saw 7.5% growth in revenue to

R15.425?million.

“This has been a positive quarter for Vodacom, featuring solid

overall revenue growth and continued progress in building our data business,”

said Vodacom’s chief executive, Pieter Uys.

He said in spite of a difficult economic environment and the

continued impact from the Regulation of Interception of Communications and

Provision of Communication-Related Information Act, the South Africa business

had increased its revenue.

“The actions we have taken in our international businesses have

shown positive results in the form of improved market positioning,” said

Uys.

“Cost management programmes are also gaining momentum and should

provide the basis for improved margin management in the year ahead.”

Uys added that careful allocation of capital to investment projects

had resulted in continued strong growth in cash flows.


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