Over 44% of Vodacom prepaid recharges is borrowed airtime

[Jan]

Vodacom pumps R11.2 billion into its South African network

Vodacom has released its preliminary annual results for the financial year that ended on 31 March 2023, reporting modest revenue growth in South Africa and a decline in operating profit.

Across the group, Vodacom CEO Shameel Joosub said South Africa’s power crisis, higher interest charges, Ethiopia start-up losses, merger and acquisition costs, and higher inflation across its markets weighed on its net profit growth of 2.1%.

 

[zulucat]

But have they paid the “inventor” … he’d be happy with 1-billion. I spoke to him. He lowered his demand from 3 billion

 

[lkpat]

You can pump some more our way. Our area has 3 towers which mesh over wireless tech - no fibre. So when a tower or two goes down, fixed LTE is dead even though the tower closest is on.

 

[daveza]

'Borrowed airtime' - what?

 

[R13...]

Unsurprising given Vodacon's prepaid call rates.

 

[lkpat]

'Borrowed airtime' - what?

I saw the heading on my alerts and thought... when did I subscribe to that thread? Then saw the original news article headline - quoted in @Jan 's post and realised it was a completely different headline.

 

[Sapphiron]

So how about some analysis?

How much did MTN invest last year?
How much did RAIN and Telkom in comparison.

 

[Pak Fa Fui]

'Borrowed airtime' - what?

So confusing, its also not incompetence so it has to be deliberate