The Vodacom Group released its results for the quarter ended September 2021 on Monday (November 15th). The data shows a 4.2% increase in revenue to 49.9 billion rand (3.2 billion USD) over the course of of the first nine months of the year.
During this period, the operator says it added 6.2 million customers, to serve a total of 129.9 million customers, while declaring an interim dividend of 420 cents per share, up 1.2%.
For its part, overall earnings per share fell to 505 cents per share, from 532 cents per share previously. But increased by 3% after the one-time adjustment of the deferred tax rate from the previous period.
Local market
In South Africa, the company’s local market, service revenues increased 3.6% to R 28.6 billion (USD 1.8 billion), supported by continued demand for connectivity, wholesale revenues additional services and the growth of new services.
Turnover from mobile subscribers increased by 4% to 10.6 billion rand (694 million USD) during the period under review. For its part, data traffic grew 13.1% over the period and accelerated to 17.9% in the second quarter. Quarter over quarter, data traffic is up 12.6%.
In its outlook, the company said it will focus on developing its various service offerings and continue to enter into merger and acquisition agreements.
As a reminder, on November 10, the group announced that it had taken a 30% stake in the fiber assets of Community Investment Ventures Holdings (CIVH).
