Vodacom Group CEO Shameel Joosub has said that the company’s decline in quarterly service revenue growth was due to renegotiated roaming deals with Cell C and Telkom .Between 1 April 2023 and 31 March 2024, Vodacom ’s South African business generated R61.6 billion in service revenue, up 2.8% from the R60 billion reported over the same period the year before.
Following a major overhaul of its balance sheet, Cell C changed its strategy to not compete with Vodacom and MTN on mobile network infrastructural investment.Instead, it would buy wholesale network capacity from MTN and Vodacom. MTN provides Cell C with a “virtual radio access network” for its prepaid and mobile virtual network operator subscribers. These MVNOs include FNB Connect and Capitec Connect.
Headline MTN Shameel Joosub Telkom Vodacom Business
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