Newscast - Africa

Vodacom Q1 Revenue Rises On Strong Data Demand During Lockdown


Listen Later

South African mobile operator Vodacom Group Ltd on Thursday reported a 7.6% rise in first-quarter group service revenue, buoyed by strong demand for voice, data and financial services in its domestic market during the coronavirus lockdown.
Vodacom, which is majority owned by Vodafone, said group service revenue grew to 18.7 billion rand ($1.14 billion)in the three months ended June 30, up from 17.4 billion rand from the year-earlier period. Overall group revenue grew by 5.6%.
Vodacom said the significant growth in demand for data assisted in offsetting the effects of the price cuts.
Learn more about your ad choices. Visit megaphone.fm/adchoices
...more
View all episodesView all episodes
Download on the App Store

Newscast - AfricaBy Africa Business Radio