Vodacom Group publishes trading statement for Q2 2013

18 Jul 2013

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).

Lesotho, Mozambique, South Africa, Congo, Dem. Rep., Tanzania, Vodacom Group, Vodafone Group,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share