Vodacom has published its interim results for the six months ended 30 September 2019, showing impressive subscriber growth over the period.<\/p>\n
The network added 691,000 mobile subscribers over the period, bringing its total South African user base up to 43.9 million.<\/p>\n
“Ongoing initiatives to enhance customer experience through pricing transformation, modernisation of IT systems and sustained investment in network infrastructure, continue to pay dividends,” said Vodacom CEO Shameel Joosub.<\/p>\n
“This is evidenced by the additional 691,000 customers who joined Vodacom in the period. There are now 43.9 million customers connected through South Africa\u2019s leading network each enjoying access to a wide array of financial and digital services.”<\/p>\n
Joosub added that the company remains focused on participation in South Africa’s regulatory process to assign available high-demand spectrum.<\/p>\n
“While we have made significant progress in our pricing transformation journey, spectrum availability is a key lever to accelerating data price declines,” he said.<\/p>\n
Vodacom’s South African service revenue increased 0.3% over the six months, with contract and prepaid customer revenue declining by 2.5% and 2.1% respectively.<\/p>\n
The decline in prepaid customer revenue was attributed to a 60% decline in out-of-bundle data revenue.<\/p>\n
Vodacom also saw impressive data growth in South Africa, with traffic increasing by 54.6% over the period, with data bundle purchases increasing by 7.9% to 472 million.<\/p>\n
The company’s fibre roll-out is progressing well, with the number of homes connected increasing by 120.9% to 43,000 over the past six months.<\/p>\n
Vodacom has published its interim results for the six months ended 30 September 2019, showing impressive subscriber growth over the period.<\/p>\n","protected":false},"author":341028,"featured_media":273557,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41906],"tags":[55436,1958,20951,41],"class_list":["post-327059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-telecoms","tag-interim-results","tag-shameel-joosub","tag-subscribers","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/327059"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341028"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=327059"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/327059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/273557"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=327059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=327059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=327059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}