Wednesday, July 22, 2009

Vodacom Reports 19.5% User Growth, As International Revenues Drop

South Africa's biggest mobile operator Vodacom said on Wednesday its mobile users grew 19.5 percent to 41.3 million, but revenue in its international mobile unit dropped by 8.1 percent for the first quarter to end-June.
Vodacom, majority owned by Vodafone, said total revenue rose 12.2 percent to 14.2 billion rand ($1.82 billion) for the three months to June, but revenue in international mobile businesses continued to decline.
The company, which made a strong debut on the Johannesburg Stock Exchange in May, said revenue in Tanzania and the Democratic Republic of Congo continued to be affected by weak economic conditions, strong competition and higher excise duties.
Vodacom expects customer growth to slow in the remaining quarters as customer registration is now required in its three largest markets.

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