Vodacom revenue up by 17,3%

2008-01-29 00:00

The Vodacom group’s revenue for the nine months ended December 31 2007 increased by 17,3% to R35,7 billion year on year, according to a statement released yesterday.

The group recorded 33 million customers across its networks operating in South Africa, Tanzania, the Democratic Republic of the Congo, Lesotho and Mozambique, reflecting a 4,7% increase in the three months since September 30 2007.

The growth in the customer base is a result of high gross customer connections of 4,8 million for the quarter. The group’s non-South African operations comprised 8,8 million customers, or 26,6% of the total customer base.

Total Group customers increased by 17,1% since December 31 2006.

South Africa increased its customer base by 4,1% since September 30 2007 to 24,3 million customers, including 3,4 million contract customers and 20,7 million prepaid customers.

Vodacom South Africa has retained its leadership position in a highly competitive South African mobile communications market with an estimated market share of 55,6% at December 31 2007.

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