CEO of Vodacom Group Pieter Us has said that the initial cost of implementing new laws to collect data about prepaid cell phone users would cost the group between H1 and 30 million.
It follows new regulation, which requires mobile operators to obtain the full name, address and identity number of customers who purchase SIM cards for prepaid services.
Speaking at the release of the group's quarterly results update, Us said an additional big cost to the group would be to register 50 million sim cards. We have to pay someone to do that, he said, referring to agents.
Us added that Vodacom had only begun to look at new customers since the inception of the new law, and had not yet begun to look at its existing customer base.
The law on user registration came about as an amendment to the 2002 Regulation of Interception of Communication-Related Information Act, known as Rica.
Vodacom on Wednesday said revenue for the three months ended June 30 rose 12.2% to 14.2 billion rand compared with the same quarter last year. Group mobile customers increased 19.5% from the prior year quarter to 41.3 million at June 30 2009.
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