Vodacom lost nearly 400,000 subscribers in South Africa in the past three months, the network’s latestThe operator reported 45.086 million customers as of 30 June 2022, a decline of roughly 373,000 from its previous figure of 45.459 million in March 2022.The operator attributed this to a “challenging macro backdrop” of higher food and fuel inflation and delays in social grant payments.
It should be noted that Vodacom reported year-on-year subscriber growth of around 485,000 despite the quarterly decline.The increase was driven by a rise in the number of data-consuming customers and smart devices used on its network. This was lower than the nearly R14.96 billion it reported during the first three months of the year but was up 3% year on year.
“Revenue growth was supported by strong growth in our insurance portfolio, with the number of policies up 8.0% to 2.4 million,” Vodacom said.
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