Vodacom's Egypt acquisition spurs 29.1% surge in Group service revenue
- Vodacom South Africa generated R61.6 billion ($3.36 billion) in service revenue, up 2.6% from the previous year.
- Vodacom invested R11.1 billion ($606 million) in network resilience, new spectrum assets, and IT platforms.
- Egypt now serves 48.3 million customers, up 6.2%, and saw a 41.8% increase in data traffic.
Vodacom's increased service revenue and investments in network resilience show positive growth for the company. The expansion in Egypt and South Africa, along with the success of new services and partnerships, contribute to its overall success. However, the drop in headline earnings and the pending review of the Maziv acquisition are potential challenges to consider.
