Vodacom’s revenue gains in SA offset declines in rest of Africa
Revenue growth in its home market helped Vodacom offset declines in the rest of Africa during the June quarter, the mobile network reported on Thursday morning. The group’s revenue for the three months grew 3.9% to R20.7bn, boosted by South African revenue growth of 7.8% to R16.65bn offsetting an 8.2% decline to R4.24bn in revenue outside of SA. Attracting more South African prepaid customers helped Vodacom compensate for declining average revenue per user (arpu). Vodacom said prepaid arpu declined to R58/month in the June quarter from R61/month in the March quarter. It attracted an additional 2.2-million prepaid customers during the quarter, taking its total in SA to 34.2-million. South African contract customers remained flat at 5.1-million, while arpu fell to R393/month from R401/month. Vodacom CEO Shameel Joosub said the declining arpu was thanks to the group making its rates more affordable. "The 9.1% and 18.9% decline in effective voice and data prices respectively over the qu...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.