South Africa's Vodacom gets a boost from Egypt unit

Reuters

The biggest telecoms operator in South Africa, which is majority-owned by Britain's Vodafone Group, said service revenue in the three months ended on Dec. 31 rose to 31 billion rand ($1.67 billion)

Nqobile Dludla, Reuters News

February 2, 2024

SOUTH AFRICA TELECOM

PHOTO

South Africa's Vodacom Group reported on Friday a 29.7% jump in third-quarter service revenue, benefiting from the inclusion of Vodafone Egypt.

The biggest telecoms operator in South Africa, which is majority-owned by Britain's Vodafone Group, said service revenue in the three months ended on Dec. 31 rose to 31 billion rand ($1.67 billion).

On a pro-forma basis, which includes Egypt as if it was owned from April 1, 2022 instead of Dec. 8, 2022, service revenue growth was 8.8%. ($1 = 18.5751 rand) (Reporting by Nqobile Dludla; Editing by Christian Schmollinger)

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.