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Declining prices helped Vodacom to increase its number of prepaid subscribers in South Africa by 10%, the mobile network announced in its quarterly report published in June, Tuesday morning. CEO Shameel Joosub said in the operational update
Vodacom increased its prepaid subscribers to 37.7 million as of June 30 from 34.2 million the previous year.
His average monthly income per user (arpu) decreased by 5.2% to R55 from R58. But the decline in the arpu was offset by the addition of 1.4 million additional customers, which contributed to the 5.5% growth in its prepaid business in Africa South to 5.8 billion rand in the second quarter of 2017.
Vodacom increased its subcontractors by 5.9% to 5.4 million, while the arpu fell by 2.3% at R384, from R393 per month to the June quarter of the previous year
. Its total number of South African subscribers grew by 9.5% to 43 million while its subscribers in Tanzania, the Democratic Republic of Congo (DRC), Mozambique and Lesotho grew by 11.4% to 33 million.
Customers to prepay for Internet access, setting deadlines after which customers lose their money. The Independent Communications Authority of SA (Icasa) is trying to stop this practice.
"In the future, we expect the implementation of the Icasa end-user charter regulations, with respect to off-beam use," We expect this to be will be mitigated in the short term by continuing the adoption of data clusters and the high elasticity of demand for these services, "said Joosub.
The South African subsidiary of the British mobile network Vodafone has changed the accounting standards according to International Financial Reporting Standards (IAS)
Tuesday's update provided the June quarter figures using both accounting standards.
The transition to IFRS reduced the Group turnover at 20.7 billion rand in June against 21.6 billion rand under IAS standards.
Vodacom has not provided any IFRS business figures for the corresponding period in 2017. The IAS growth figures of income of 4.2%.
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