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Vodacom, MTN circle Orange Uganda

2014-03-14 01:00:00| Total Telecom industry news

MTN chief says country unable to support current crop of operators.

Vodacom Group revenue rises 10.5% to ZAR 20.2 bln

2014-02-05 09:11:00| Telecompaper Headlines

(Telecompaper) Vodacom Group revenue for the third quarter ended 31 December 2013 rose by 10.5 percent to ZAR 20.22 billion. Group service revenue increased 6.4 percent to ZAR 16.25 billion, up 3.4 percent on a normalised basis and in line with its guidance. Group data revenue increased 40.7 percent to ZAR 3.61 billion, accounting for 22.2 percent of service revenue. Group active customers grew 12.3 percent to 56.0 million and active data customers grew 27.9 percent to 23.7 million.

Tags: group revenue rises zar

Vodacom to lift stake in Tanzanian unit to 82%

2013-11-27 10:39:00| Telecompaper Headlines

(Telecompaper) Vodacom Group has agreed to pay ZAR 2.46 billion (USD 243 million) to acquire an additional 17 percent in its Tanzanian unit. Vodacom said it would indirectly raise its stake in Vodacom Tanzania to 82.2 percent from 65 percent by buying new shares in the company's minority shareholder, Cavalry Holdings. It will fund the purchase through cash and existing debt facilities. It said Tanzania had been its most successful sub-Saharan investment. Vodacom is the top mobile operator in the east African nation, with just over 10 million customers.

Tags: to unit lift stake

Vodacom to accelerate capex after strong growth in H1

2013-11-11 09:19:00| Telecompaper Headlines

(Telecompaper) Vodacom Group posted a 6.6 percent year-on-year increase in revenue to ZAR 36.7 billion for the fiscal first half to September, reporting strong growth in its international operations and improved growth trends in South Africa. Active customers increased 9.7 percent to 53.8 million at 30 September, with net connections of 949,000 for South Africa and 2.3 million at the International operations for the six-month period. Group EBITDA grew 9.6 percent to ZAR 13.2 billion, at the top end of the mobile operator's mid-term guidance of mid to high single-digit growth. Headline earnings per share were up 10.9 percent to ZAR 4.39, and operating cash flow improved 2.5 percent to ZAR 6.3 billion. Capital investment totaled ZAR 4.9 billion, up 2.9 percent. Vodacom said it plans to step up capital spending in order to strengthen its market share. It raised its mid-term guidance for capex to 14-17 percent of revenue, from an outlook of 11-14 percent issued in May, saying this should also support growth in revenue and EBITDA. At the same time, it maintained its policy to pay out at least 90 percent of headline EPS as dividends and declared an interim dividend per share of ZAR 3.95.

Tags: strong growth accelerate h1