Strong growth for Vodacom fibre
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Vodacom has published its trading update for the quarter ended 31 December 2020, showing strong growth in its fibre business.
Group service revenue increased by 4.2% over the period, with South African service revenue increasing by 5.4%.
Vodacom CEO Shameel Joosub noted that just under half of the company’s international customer base – almost 16 million people – now use its M-Pesa platform.
“Revenues from M-Pesa increased 10.1%, largely the result of a 7.7% increase in customers, with almost 16 million people – or just under half of our International customer base – now making use of our M-Pesa platform. Including Safaricom, monthly M-Pesa transactions were $24.2 billion, up 57.8% year-on-year,” Joosub said.