Vodacom Group reported a strong 9% advance in revenue in the first quarter of its 2022 financial year, reaching R24.8-billion. If it hadn’t been for rand strength, the figure would have been 14.2%. Normalised group service revenue growth was 7.8% as international (non-South African) growth accelerated, while South African service revenue was up 5.2% to R14.1-billion,...
Vodacom has pioneered the first live 5G network in Mpumalanga, a move it says is aimed at bridging the digital divide between urban and rural areas. The operator announced yesterday that six 5G sites are now live in the Mpumalanga and support both mobile and fixed wireless access services. Vodacom customers with 5G-enabled devices, and...
South African capital investment and revenue spikes from increased lockdown-related data usage add to Vodacom’s earnings. South African cellular giant Vodacom recorded an 8.3% rise in group revenue in the financial year to March 2021, driven by an 8.2 million rise in its continental subscriber base, as increased data usage for work and entertainment enforced...
Vodacom Mozambique has reached an agreement with state-owned Mozambique Telecom (Tmcel) over the ongoing 60-million meticais (about US$10-million) interconnection debt dispute. In June Vodacom threatened to cancel its interconnection agreement with Tmcel which would have prevented Tmcel customers from being able to call Vodacom numbers. Vodacom said Tmcel had failed to settle the debt and...
Vodacom Lesotho has announced that its M-Pesa division will now operate under a newly set up, independent company known as VCL Financial Services. According to information supplied by the company, the new venture has been authorised by the Central Bank and will be a licenced financial services provider, fully owned by Vodacom Lesotho. Vodacom Lesotho...
Vodacom Financial Services is inviting developers and businesses to join the VodaPay ecosystem by building their own “Mini Programs”. Developed by Vodacom Financial Services, in partnership with global digital lifestyle services platform Alipay, VodaPay is a mobile payments solution that has been customised to meet the specific lifestyle and payment needs of consumers, businesses and...
Vodacom Group has awarded its CEO, Shameel Joosub, more than R44-million worth of share options, which will vest in three years provided they are not forfeited and performance conditions are met. In a regulatory filing through the JSE on Monday, Vodacom disclosed that it has awarded 339 099 forfeitable shares to Joosub. The shares were issued at an...
Mozambique’s telecommunications industry regulator, the Mozambique National Communications Institute (INCM) has stepped in to defuse a dispute between Vodacom and state-owned Mozambique Telecom (Tmcel) over a 60 million Meticais (about US$10-million) interconnection debt. Vodacom has accused Tmcel of failure to comply with the interconnection contract between the two operators and said the debt has been...
Vodacom is fortifying its business model, scaling up fibre, financial services, Internet of things (IOT) and network expansion plans in a bid to become the dominant telco in all its markets. The telco says it remains focused on entrenching Vodacom as a top Pan-African technology company through investments in these sectors to augment its relationships...
Vodacom Chief Executive Shameel Joosub confirmed the make‑up of his Executive Committee (ExecCo) as part of Group’s Annual Report for the year ended 31 March 2021. The year saw five new additions and a restructuring for the uncoupled Vodacom South Africa (VdSA), which was made a standalone unit in early‑2020. Balesh Sharma is VdSA’s sole representative on the ExecCo. He...
