Vodacom's revenues up 3% in Q2

Rising smartphone penetration and mobile broadband use drive revenue growth
Vodacom's revenues up 3% in Q2

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South Africa-based telecom group, Vodacom, posted Q2 revenues of R17.5 billion ($1.77bn), a rise of 3% year-on-year.

Group service revenue was flat at R14.6 billion. Group data revenue increased by 28.2%, with active data customers increasing 23.3% to 19.4 million, the operator said.

Vodacom increased its active customers by 5.3% to 51.5 million across its operations.

International operations delivered service revenue growth of 14.1%, when discounting the effects of currency fluctuations. This was supported by customer growth and increased adoption of data and financial services, Vodacom said in a statement.

The telco’s South African revenue increased by 3.9%, boosted by increased handset sales.

“Vodacom continues to perform well. We’ve seen a substantial increase in traffic as a direct result of executing on our commercial strategy and launching new products across all of our operations,” said Shameel Joosub, CEO, Vodacom Group. “As an example, by focusing on value offerings that allow people to talk for longer, we’ve grown prepaid minutes of use by 21.0% in South Africa.”

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