Vodacom grows customer base
Cellular operator Vodacom said on Tuesday that its total customers increased by 13.1% to 35.7 million at the end of September 2008 compared with a year ago.
The information was released on Tuesday as it is contained in Vodafone’s financial results announcement released today.
Pieter Uys, CEO of the Vodacom Group, said: "These provisional results demonstrate once again strong growth in Vodacom’s business. We now have almost 36 million customers, which is a 13.1% increase on a year ago."
For the six months ended September, Vodacom’s revenue increased by 14% to R26bn and profit from operations increased by 12.5% to R6.4bn.
Earnings before interest, tax, depreciation and amortisation (EBIDTA) increased by 13.9% to R8.7bn and cash generated from operations increased by 15.6% to R8bn.
A detailed analysis of the Vodacom Group’s operations and indicators will be released on Monday, 17 November.
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