South Africa-based mobile service provider Vodacom Group has published its financial results for the three months ended 30 June 2013, reporting consolidated revenue of ZAR17.54 billion (USD1.78 billion), up 3.0% year on-year. The company said that excluding the disposal of its Gateway Carrier Services unit and impact of foreign exchange translations, ‘normalised’ growth was 5.1%. Service revenue, meanwhile, was flat y-o-y at ZAR14.64 billion, or 2.3% higher on a normalised basis. Vodacom Group closed out June 2013 with more than 51.5 million ‘active’ customers, up 5.3% on an annualised basis, as its international operations in Tanzania, DRC, Mozambique and Lesotho continued to expand their service coverage. The group reported that its international operations delivered robust growth in the period under review, with service revenue up 14.1% y-o-y supported by customer growth and increased adoption of data and financial services. In South Africa, total revenue was up 3.9%, boosted by increased handset sales, while the unit’s service revenue trend is reported as ‘improving’ with a reported decline of 0.2% and growth of 2.9% excluding the impact of mobile termination rates (MTRs).
21 Jul 2013
