Vodacom sees 40% jump in data usage as people stay at home

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Vodacom sees 40% jump in data usage as people stay at home
South Africa Latest News,South Africa Headlines
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Vodacom said that if necessary it would offload more capacity to the Rain network in terms of its existing 4G roaming agreement with the private mobile data-only network provider.

The telecoms sector has experienced a spike in network data traffic in recent weeks after the South African government imposed a five-week lockdown to the end of April.

Rival MTN Group, the largest telecoms operator by subscribers, has seen a 30% increase in data traffic and is reprioritising its 28.5 billion rand capital expenditure towards adding network capacity and has approved $250 million towards building network equipments across the group. South Africa's central bank sees the economy contracting 6.1% in 2020 as non-essential businesses remain shut for longer and financially constrained households spend less.

Short-term debt was refinanced during the financial year ended March 2020 and repayment periods were extended.

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