While its rivals Vodacom, MTN and Cell C struggle with flat growth in a tough economic environment, Telkom is killing it in the mobile business, showing astonishing growth in subscribers in the past year.
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Vodacom Group’s unit in the Democratic Republic of Congo will lose the right to provide 2G services this week unless it renews a disputed licence, according to a government order.
Vodacom, MTN and Cell C have all shown a decline in customer satisfaction scores in the past year, though MTN and Cell C lag their bigger rival, according to new research.
In this episode of the podcast, Duncan McLeod interviews IoT.nxt co-founder and CEO Nico Steyn about the recently announced acquisition by Vodacom Group of 51% of the company.
Vodacom and Telkom will complete the work they need to do for their roaming agreement by the June deadline, Vodacom Group CEO Shameel Joosub said this week.
Vodacom Group parent Vodafone Group’s dividend has cracked under the strain of falling revenue, soaring spectrum costs and a $21-billion acquisition, in a grim reality check for Europe’s struggling phone industry.
Vodacom cut its full-year dividend to R7.95/share for the year ended 31 March 2019, a 2.5% decline from the R8.15/share it returned to shareholders in 2018.
Vodacom Group has updated its profit outlook on the back of the acquisition of East Africa’s largest mobile phone company that’s helping it push into financial services.
Vodacom will acquire a 51% stake in South African Internet of things specialist IoT.nxt, the telecommunications group said on Monday.
Despite continued rapid growth in demand for data by customers, Vodacom South Africa eked out a meagre 3.9% increase in data revenue in the 2019 financial year as price cuts and lower out-of-bundle tariffs impacted the top line.