Vodacom trading update for the quarter ended 31 December 2008
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PDF versionTuesday, January 27, 2009
Vodacom Group revenue for the nine months ended 31 December 2008 increased by 13.7% to R40.5 billion compared to the prior year period, largely driven by a 14.3% increase in Group mobile customers to 37.8 million. The Group's non-South African operations comprised 11.3 million customers, or 30.0% of the total customer base as at 31 December 2008.
Group mobile customers as at 31 December 2008 increased by 5.8% in comparison to the previous quarter.
South Africa
South African mobile customers increased by 4.8% to 26.5 million at 31 December 2008 from 25.2 million at 30 September 2008.
|
South Africa
|
30 September 2008
|
31 December 2008
|
Quarterly % change
|
|
Customers (thousands) |
25,245 |
26,450 |
4.8 |
| Contract | 3,735 | 3,867 | 3.5 |
| Prepaid | 21,391 | 22,450 | 5.0 |
| Community services | 119 | 133 | 11.8 |
|
ARPU (ZAR) |
132 |
135 |
2.3 |
| Contract | 481 | 479 | (0.4) |
| Prepaid | 66 | 69 | 4.5 |
| Community services | 584 | 556 | (4.8) |
|
Churn (%) |
42.3 |
41.3 |
(1.0 pts) |
| Contract | 9.7 | 9.7 | - |
| Prepaid | 48.1 | 47.0 | (1.1 pts) |
|
Estimated market share (%) |
53 |
52 |
(1 pts) |
Non-South African operations
Mobile customers from Vodacom's non-South African operations increased by 8.4% to 11.3 million at 31 December 2008 from 10.4 million at 30 September 2008.
|
Non-South African operations
|
30 September 2008
|
31 December 2008
|
Quarterly % change
|
|
Vodacom Tanzania
|
|
|
|
|
Customers (thousands) |
4,931 |
5,355 |
8.6 |
| Contract | 18 | 19 | 5.6 |
| Prepaid | 4,905 | 5,327 | 8.6 |
| Public phones | 8 | 9 | 12.5 |
|
ARPU (ZAR) |
53 |
55 |
3.8 |
|
Churn (%) |
44.2 |
43.0 |
(1.2 pts) |
|
Estimated market share (%) |
46 |
46 |
- |
|
Vodacom Congo
|
|
|
|
|
Customers (thousands) |
3,776 |
4,042 |
7.0 |
| Contract | 24 | 26 | 8.3 |
| Prepaid | 3,647 | 3,898 | 6.9 |
| Public phones | 105 | 118 | 12.4 |
|
ARPU (ZAR) |
65 |
67 |
3.1 |
|
Churn (%) |
53.9 |
51.1 |
(2.8 pts) |
|
Estimated market share (%) |
39 |
38 |
(1 pts) |
|
Vodacom Lesotho
|
|
|
|
|
Customers (thousands) |
450 |
489 |
8.7 |
| Contract | 5 | 4 | (20.0) |
| Prepaid | 435 | 474 | 9.0 |
| Public phones | 10 | 11 | 10.0 |
|
ARPU (ZAR) |
69 |
71 |
2.9 |
|
Churn (%) |
20.0 |
20.4 |
0.4 pts |
|
Estimated market share (%) |
80 |
80 |
- |
|
Vodacom Mozambique
|
|
|
|
|
Customers (thousands) |
1,287 |
1,435 |
11.5 |
| Contract | 24 | 26 | 8.3 |
| Prepaid | 1,250 | 1,395 | 11.6 |
| Public phones | 13 | 14 | 7.7 |
|
ARPU (ZAR) |
38 |
42 |
10.5 |
|
Churn (%) |
72.7 |
72.9 |
0.2 pts |
|
Estimated market share (%) |
42 |
43 |
1 pts |
Commenting on these results, Vodacom Group Chief Executive Officer Pieter Uys said:
"Expanding our African footprint beyond South Africa is one of the pillars of Vodacom's growth strategy. I'm pleased to say that this quarter we reached an important milestone with 30% of our total customer base now coming from our operations in Tanzania, the DRC, Lesotho and Mozambique. The acquisition of Gateway Communications was completed at the end of the quarter, and will help us to further build our business across the continent."
News Source : Vodacom trading update for the quarter ended 31 December 2008
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