Vodacom sees a two per cent fall in revenues in Q412

South Africa based Vodacom has reported that its fourth-quarter revenues rose by 1.7 per cent to ZAR18.3 billion (US$2.05 billion). Excluding the sale of Gateway Carrier Services and the impact of movements in foreign currency, revenue would have been up by 4.8 per cent.

South African service revenue also declined by 1.7 per cent due to competitive and economic pressures, coupled with a temporary impact from actions to reduce unprofitable calling card SIMs.

Group active customers increased 12.2 per cent to 51 million, of which 18.5 million are now active mobile data users.

The number of Vodacom Group’s international subscribers grew by 13 per cent and the South African base grew by 12 per cent year-on-year.

Vodafone Group owns 65 per cent of Vodacom.