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.
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.
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