Vodacom shows big growth in customers, revenue, and data

Vodacom has released its annual financial results for the year ended 31 March 2018.

The group has shown “strong” revenue growth over the period, which is up 6.3% to R86.4 billion.

Group service revenue grew 3.4% to R70.6 billion, and Vodacom added 7.0 million customers across its operations during the year.

“Safaricom added 1.4 million customers. In combination, we now reach over 103 million customers across the group,” stated the results.

Group EBIT improved 4.4% to R23.1 billion, added the company.

“Net profit increased 18.6%, boosted by the Safaricom acquisition and by the profit from the sale of Helios Towers Tanzania Limited.”

On the investment side, Vodacom said it put in R11.6 billion to expand its coverage and improve network quality – with R8.9 billion of that spent in South Africa.

South Africa

In Vodacom’s South African business, the company delivered a “robust performance”.

This was despite ongoing data pricing transformation and a low

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