Vodacom's mobile customers increase
In a trading statement for the quarter ended December 31, 2009, Vodacom said it had seen six percent growth in group revenue to R15.425 million for the period.
The group’s South African business saw 7.5 percent growth in revenue to R15.425 million.
“This has been a positive quarter for Vodacom, featuring solid overall revenue growth and continued progress in building our data business,” Pieter Uys, chief executive officer, said.
He said in spite of a difficult economic environment and the continued impact from the Regulation of Interception of Communications and Provision of Communication-Related Information
Act, the South Africa business had increased its revenue.
“The actions we have taken in our international businesses have shown positive results in the form of improved market positioning.
“Cost management programmes are also gaining momentum and should provide the basis for improved margin management in the year ahead.”
Uys said careful allocation of capital to investment projects had resulted in continued strong growth in cash flows.
Vodacom’s mobile customers increase – Discussion
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