CAPE TOWN: Vodacom has released its trading update for the quarter ended 31 December 2016, which shows that the company has increased its revenue and subscriber base in South Africa. South African service revenue grew 5.5% to R13.4 billion – aided by a “strong data revenue growth of 22%”.
“Group data revenue increased 18.4% to R6.5 billion, representing 37.5% of service revenue,” said Vodacom.
Group service revenue was up 1.3% to R17.4 billion and revenue was up 1.2% to R21.2 billion. “Normalised growth, excluding currency translation effects, was 4.4% and 3.9% respectively.”
The operator said 690,000 active customers were added during the quarter in South Africa, while 876,000 were added in its international markets. Vodacom now has 65.2 million active customers across the group.
“I am pleased with what we achieved in the quarter. Performance was driven by strong customer growth in South Africa and strong data demand,” said Shameel Joosub, Vodacom Group CEO.
“The strong demand for data continues with traffic growth of 44.8% in South Africa and 61.7% across our international operations.”
