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Vodacom Group CEO, Shameel Joosub
The Vodacom Group enjoyed a robust first quarter of 19459009, with a subscriber base up by 2.5 million (of which 1.5 million in Africa from South) and data revenue by 9.6%, said Tuesday.
During the quarter ended June 30, 2018, the JSE-listed telecommunications provider experienced a 10.3% increase in subscribers to 76.5 million and 4.2% of Group Services revenues. South African services revenue increased 4.9%. The revenue growth of M-Pesa's mobile money was 18.1%.
Group CEO Shameel Joosub said the "strong momentum" of his annual results continued in the first quarter of the year. In South Africa, despite a more difficult economic environment, we increased the service business revenue by 4.9%, supported by a 9.5% customer growth. to reach 43.1 million customers, "said Joosub. It added 1.4 million prepaid customers and 75,000 contract subscribers.
"This was fueled by our large data-driven innovations, which contributed to the strong demand for personalized offerings."
South Africa recorded a growth of $ 13.8 billion driven by improved revenue growth for its clients, despite a moderate macroeconomic environment.
Contract revenue growth was down 0.8%. This result was supported by the improved performance in the business segment, reflecting customer earnings and average revenue per user (Arpu) resulting from recent contract subscriptions and the improvement in revenue. ;use. Overall, the Arpu contract fell by 2.3%, an improvement over the last two quarters. The turnover in South Africa grew by 9.4% to 6.1 billion rand, contributing 44.1% (2018: 42.2%) to the services business figure. "We continue to be proactive in ensuring a worry-free customer experience, and the success of this pricing strategy, making data more affordable for our customers, has resulted in a 32.2% increase in sales. data packets and an overall 17.1% effective price reduction per megabyte.We continue to grow our existing 4G data users, adding 739,000 4G customers this quarter to reach 8.1 million customers. "
Fixed business revenue growth was 22%, while Internet connections grew 25.2% to 3.9 million. 19659003] Vodacom spent 2 billion rand on its network in South Africa during the quarter, focusing on new sites, upgrades and the ability to improve quality and performance network. The coverage of Vodacom's 4G population increased to 81.5% from 75.9% a year ago.
As part of its operations outside South Africa, capital expenditures amounted to R552 million. – © 2018 NewsCentral Media
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