Big jump in network spending by Vodacom in South Africa

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Vodacom Group increased capital expenditure in its South African operation by more than 10% in the last year as it fought to regain network leadership from rival MTN.

capital expenditure in its South African operation by more than 10% in the last year as it fought to regain network leadership from rival MTN.

Group CEO Shameel Joosub said Vodacom will again spend at least R11-billion on its network in South Africa in the financial year to March 2023. Mobile contract customer revenue increased by 5.5% to R22-billion, with both Vodacom Business and consumer contracts contributing to this growth.

 

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