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Vodacom has more subscribers than the population of South Africa

Vodacom may have just released its quarterly results, and while the user battle between the mobile operator and MTN has been heated in the last couple of years, Vodacom’s subscriber base is now more than the population of South Africa.

In its interim results for the six months ending 30 September 2014, the operator managed to increase its active subscriber base by 13% to a whopping 61.0 million. It is still a lot for an operator that primarily services South Africa, but in comparison, it doesn’t come close to rival MTN.  In April this year, MTN had over 200 million subscribers, but that stems from a base across the African continent.

“We have faced tough macroeconomic conditions in all markets, increased competitive intensity, and have also seen a significant impact from lower mobile termination rates (‘MTRs’) in South Africa. Against that backdrop Vodacom performed well, adding 7.2 million customers to take our total customer base to 61 million and increasing revenue by 2.3% to R37.5 billion,” said Shameel Joosub, Vodacom Group CEO, in a press statement.

He ascribes the growth across the network to capacity and investment in infrastructure.

“We invested R4.1 billion in the network in South Africa. We added over 1 000 new LTE base stations and 745 new 3G sites. This additional capacity supported the 18% increase in outgoing voice traffic and 75% increase in data traffic.”

2014(in billions)

2013

(in billions)

Reported(% change)
Revenue

37 546

36 688

2.3

Service Revenue

30 725

30 213

1.7

EBIDTA

12 993

13 221

(1.7)

Operating profit   

9 430

9 998

(5.7)

Capital expenditure     

5 881

4 850

21.3

Operating free cash flow

4 462

6 308

(29.3)

Free cash flow       1 224

3 178

(61.5)

[Source – Vodacom]

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