South African telco Vodacom Group said that its revenues increased by 12.2% in Q4 2011 to reach ZAR17.99 billion ($2.38 billion), up from ZAR16.03 billion for the same period in 2010.
The telecom group, which has operations in South Africa, Tanzania, Mozambique, Lesotho and DRC, increased its customer base by a record 5 million, or 27.3%, in Q4 to reach 52.9 million.
The telco said that demand for data services remained strong, with group data revenue growth of 23.8% in Q4. The company posted a 41.2% increase in group active data customers to 13.8 million by the end of Q4.
The operator did not release details of its profits for Q4.
Pieter Uys, CEO, Vodacom Group, said: “This was a good quarter for Vodacom, with a record increase in our customers of five million pushing us past the 50 million customers milestone.”
He added that the South African business “defied the somewhat gloomy economic conditions” and achieved a 25% increase in customers, ending the quarter at 32 million customers.
“Our International operations maintained the positive momentum and accounted for more than 40% of the increase in our total customers,” Uys added.
“Network investment continued to be a major focus with on-going upgrades to our transmission and radio access networks supporting the 41% increase in Group data customers. Vodacom now delivers data connectivity to nearly 14 million people.”