MOBILE communications company Vodacom on
Wednesday reported an 8.7% rise in group revenue to R21.741bn for the
quarter to December 31 2015.
Group data revenue for the quarter
increased 27.5% to R5.52bn, while group active customers grew by 6.8% to
65.2-million and active data customers by 14.5% to 30.3 million.
South African service revenue was up 7.2% at R12.707bn, with international service revenue increasing 15.4% to R4.581bn.
"We successfully executed on our strategy and achieved another quarter of improving revenue trends. The two biggest highlights in the quarter are the accelerated service revenue growth of 7.2% in SA and the 6.8% increase in the group customer base to 65.2-million.
"In SA, the take-up of our personalised offer ‘Just for You’ was excellent and contributed to the 15.9% reduction in effective voice rates. The international segment delivered robust service revenue growth of 15.2%," said Vodacom group CEO Shameel Joosub.
He said the group’s performance reflected the positive effect of the R9.5bn network investment across all operations.
"We have expanded our network coverage and increased data speeds to secure network leadership. Customer demand for high-speed mobile data is growing across our footprint, supporting a 27.5% increase in group data revenue."
Mr Joosub said revenue growth was expected to taper slightly into the last quarter of the financial year due to comparison with the previous year’s strong performance. A weaker outlook for South African consumers due to the drought and weaker exchange rate would also put pressure on results.
South African service revenue was up 7.2% at R12.707bn, with international service revenue increasing 15.4% to R4.581bn.
"We successfully executed on our strategy and achieved another quarter of improving revenue trends. The two biggest highlights in the quarter are the accelerated service revenue growth of 7.2% in SA and the 6.8% increase in the group customer base to 65.2-million.
"In SA, the take-up of our personalised offer ‘Just for You’ was excellent and contributed to the 15.9% reduction in effective voice rates. The international segment delivered robust service revenue growth of 15.2%," said Vodacom group CEO Shameel Joosub.
He said the group’s performance reflected the positive effect of the R9.5bn network investment across all operations.
"We have expanded our network coverage and increased data speeds to secure network leadership. Customer demand for high-speed mobile data is growing across our footprint, supporting a 27.5% increase in group data revenue."
Mr Joosub said revenue growth was expected to taper slightly into the last quarter of the financial year due to comparison with the previous year’s strong performance. A weaker outlook for South African consumers due to the drought and weaker exchange rate would also put pressure on results.
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