African mobile operator Vodacom Group said its subscriber base grew by 9 percent as of 31 March to 43.5 million, driven by new offers which delivered more value to customers. The company said its group revenue went up by 6.4 percent and headline earnings per share rose by 28.6 percent to ZAR 0.656 per share. Group data revenue increased 35.5 percent to ZAR 6 4 billion.
Group CEO Pieter Uys lauded the team for the financial and operational results, delivered in an environment of mobile termination rate reductions, price reductions and inflationary cost pressure. This, he said, had been achieved through a sharp focus on the customer experience, investment in the networks and delivering on ZAR 500 million cost efficiency programme. The resulting 51 percent increase in total shareholder returns is really pleasing. Uys said the decision they took some years ago to lead the industry on mobile data is bearing fruit. The combination of considerable investment in new base stations and taking charge of own transmission has put the firm in an enviable position.
The new dual-carrier technology that they are rolling out across the network has both speed and capacity benefits and will support continued growth in the data business, Uys said.