Vodacom reports strong data traffic – here’s the average usage per smart device

Vodacom Group on Monday reported a 4.5% increase in revenue to R102.7 billion for the year ended March 2022, and delivered a dividend of R8.50 per share, up marginally from the prior year.

In South Africa, revenue grew by 5.3% to R80.8 billion on the back of growth in new services, continued demand for connectivity and incremental wholesale revenue. Mobile contract customer revenue increased by 5.5% to R22 billion, with both Vodacom Business and consumer contracts contributing to this growth. The group said it added 271,000 contract customers in the financial year, mainly within Vodacom Business, and increased ARPU by 1.7%.

Higher customer engagement supported prepaid ARPU of R56, which was above the pre-Covid-19 level of R54, he said. Through the proposed acquisition of a 30% stake in Community Investment Ventures Holdings fibre assets, Vodacom said it will gain exposure to highly attractive and fast-growing businesses and South Africa’s largest open-access fibre players including Vumatel and Dark Fibre Africa.

“The past year is best described as being a watershed year for Vodacom in which we made significant strides in our transition to a pan-African technology company through the two significant proposed strategic acquisitions we announced in November last year and the commercial launch of our consortium in Ethiopia this year.

I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dutch doctor says group will keep sending abortion pills to US womenDemand for the pill is rising in the US ahead of the imminent end of federal protection for abortion rights
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Adani Group snaps up India’s second-biggest cement maker for $10.5bnGautam Adani’s conglomerate acquires Holcim’s cement businesses in fierce bidding with local companies
Source: BDliveSA - 🏆 12. / 63 Read more »

MTN Group reaches Level 1 B-BBEE status[ICYMI] Mobile network operator MTN Group has, for the first time, achieved a Level 1 Broad-Based Economic Empowerment (B-BBEE) contributor status. The rating is for its financial year (ended December 31, 2021). Moneyweb MTN
Source: Moneyweb - 🏆 5. / 77 Read more »

Vodacom’s major data growthVodacom reported substantial data traffic growth and an increase in data subscribers on its network.
Source: mybroadband - 🏆 11. / 67 Read more »

Vodacom hikes dividend but sets out policy changeVodacom Group on Monday declared a full-year dividend of R4.30/share after reporting a solid performance from South Africa, its biggest market.
Source: TechCentral - 🏆 8. / 71 Read more »

We tested Vodacom’s Linea watch — but it did not workMyBroadband bought the Linea panic button watch from Vodacom but could not get it to work and failed to get a refund despite trying all Vodacom’s support channels.
Source: mybroadband - 🏆 11. / 67 Read more »