The group’s international segment grew service revenue in the six months to end-September, but lower data prices weighed on its SA results
Mobile operator Vodacom on Monday rewarded shareholders with a special dividend of 60c per share, reporting a surge in international revenue in the six months to end-September due to high demand for data and mobile-money services.
Service revenue in SA grew only 0.3% to R25.79bn, the company said, with prepaid customer revenue declining 2.1% as a result of a 60% fall in out-of-bundle data revenue. Data traffic increased by 54.6% in SA during the six months to end-September, with the company saying this was evidence of the value of its pricing transformation, with the number of 4G devices on its network rising by more than 25% during the period.
The company added 2.7-million customers and 2.7-million to Safari.com during the period, bringing its total to 115-million.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Implement reforms quickly to woo capital, Vedanta chief Anil Agarwal urgesInternational miner’s founder pledges to invest R17.6bn in the country
Read more »
Disabled users left stranded by special transport Dial-a-Ride | IOL NewsSome disabled users of the Dial-a-Ride (DAR) vehicle system say the public transport service has left them stranded.
Read more »
Mega-cap companies need special traits to become charging elephantsDiversification, predictability and economies of scale are some of the characteristics investors should look for, write James Cooke and Kathy Daver
Read more »
Water restrictions remain in place: Rand WaterMany parts of South Africa are in the grip of water shortages and some are asking the government to declare a crisis.
Read more »
Bok stalwart Francois Louw quits international rugbyCup-winning looseforward hailed as a ‘real warrior of the back row’
Read more »
Voting starts in Spain's repeat election, fragmented result expected | IOL NewsA bitterly divided Spain headed to the polls on Sunday for its second parliamentary election in just over six months.
Read more »