Vodacom Group’s half-year headline earnings fell 9.5% due to start-up losses in Ethiopia and higher finance costs.
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Safaricom, Kenya’s biggest telecommunications operator, has reported a 10% drop in its first-half net income.
Vodacom moved a step closer to a considerable expansion of its fibre footprint after Icasa approved the transfer of Dark Fibre Africa’s licences.
The company has a bold plan to deploy uncapped fibre broadband not only to townships, but even to informal settlements, CEO Dietlof Mare says.
Promoted | In celebration of this important milestone, Vodacom is giving away a share of R1-million to 20 lucky winners between 10 and 31 October 2022.
Vodacom and Amazon.com are launching Prime Video bundles to the mobile operator’s prepaid and contract subscribers in South Africa.
Shares of Safaricom surged more than 9% on Friday after it secured a mobile financial services licence in Ethiopia.
A Safaricom-led investor group, which includes Vodacom, has launched mobile services in Ethiopia after securing an operating licence from the government.
Vodacom said on Thursday that it will install solar PV panels at its head office in Midrand, reducing its need for grid-supplied electricity.
Vodacom said on Wednesday that it has broken the 2Gbit/s barrier on its 5G network, achieving a transfer speed of 2.4Gbit/s.