Vodacom ends 2011 with over 50 million subscribers

Vodacom Group reported that its fourth-quarter revenues to end-December 2011 rose by 12.2 per cent to reach ZAR 18 billion (US$2.38 billion).

The cellco added five million customers across all its operations, which it said was a record growth number, and ended 2011 with 52.9 million subscribers.

“The South African business defied the somewhat gloomy economic conditions and achieved a 25 per cent increase in customers, ending the quarter at 32 million users," commented Pieter Uys, Vodacom Group CEO.

"Our International operations maintained the positive momentum and accounted for more than 40 per cent of the increase in our total customers," he added.