Vodacom spent almost R4.8-billion on expanding and improving its network in South Africa in the six months to 30 September 2018, an 18.2% jump from the same period a year ago.
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Vodacom Group eked out a 1.2% improvement in normalised operating profit for the six months ended 30 September 2019 on the back of 2.5% growth in both normalised revenue and service revenue.
One hundred and sixteen megahertz of bandwidth looks set to be pivotal for South Africa’s successful initial roll-out of next-generation, super-fast mobile 5G networks.
Safaricom and parent Vodacom Group plan a joint bid for an Ethiopian telecommunications licence that they expect to cost as much as R15-billion.
Safaricom, a unit of Vodacom Group, posted a 14% increase in net income for the six months to September 2019 as revenue growth from mobile money was hurt by a state crackdown on sports betting.
EXCLUSIVE | Icasa is poised to announce a plan to auction off radio frequency spectrum suitable for the roll-out of 5G infrastructure in a move that is likely to be widely welcomed by the telecommunications industry.
Kenya’s biggest company by market value, Safaricom, appointed Peter Ndegwa as CEO from 1 April 2020, amid plans for regional expansion and rising competition at home.
Vodacom said on Tuesday that it has begun network-locking some smartphone devices for the first time in many years.
Helios Towers rose 1.8% in London after raising R5.4-billion in a long-delayed share sale that gives investors a foothold in Africa’s fast-growing wireless tower industry.
South Africa’s third-biggest mobile operator has put core parts of the business up for sale as it struggles with R9-billion of debt and deepening losses.