Vodacom reports 7.8M m-pesa users

South African operator Vodacom said customer numbers for m-pesa in its international operations grew by 18 per cent year-on-year, although there has been a net decline of 200,000 over the last three months. In a trading statement for the three …

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Strong data uptake boosts Vodacom

African operator group Vodacom trumpeted a 5.1 per cent increase in service revenue in the quarter to 30 June 2015, which Shameel Joosub, its CEO, described as “a continuation of the positive growth momentum”. Service revenue increased to ZAR15.66 billion …

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Vodacom raises union concerns with outsourcing plans

South Africa’s Vodacom plans to outsource network maintenance in the country to cut costs, raising union concerns at a time when rival MTN is in the midst of a worker strike, according to Reuters. In a move to address concern, Vodacom spokesman …

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SA’s PIC to sell shares in Vodacom

South Africa’s Public Investment Fund (PIC) is reportedly planning to sell $280 million worth of Vodacom shares, after it recently acquired a large stake in the operator. The country’s government sold its 14 per cent stake in Vodacom to PIC at the …

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SA’s PIC to sell shares in Vodacom

South Africa’s Public Investment Fund (PIC) is reportedly planning to sell $280 million worth of Vodacom shares, after it recently acquired a large stake in the operator. The country’s government sold its 14 per cent stake in Vodacom to PIC at the …

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South Africa sells Vodacom stake; Neotel deal gains antitrust approval

South Africa’s government confirmed the sale of its 14 per cent stake in Vodacom, which is worth more than $2 billion, to the Public Investment Corporation (PIC). The government has been considering selling the stake since at least last year, …

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India is only a small contributor to Vodafone’s 20M money base

India is arguably Vodafone’s largest potential market for mobile money but the operator is shy of 400,000 active users. According to the group’s 2014/15 results, the operator has a nationwide network of 89,000 agents offering its M-Pesa service in India …

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Vodacom’s m-Pesa growth still not reached home

Vodacom identified mobile money service m-Pesa as a growth engine but its 2014/15 results showed this to be truer internationally than in South Africa. The Johannesburg-based operator reported growth of 34 per cent to 8 million active m-Pesa users outside …

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Vodacom CEO admits to tough year, happier about medium term

Shameel Joosub, Vodacom CEO, said that the company “pulled through a transformative period” in its financial year to end-March 2015, but was more upbeat about the medium term. While total revenue at the company – one of Africa’s leading operators – rose by 2.1 …

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