Delay drives changes to Vodacom s Infraco acquisition it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
If their recent moves are anything to go by, it seems like pan-African mobile network operators, Vodacom and MTN, are doubling down on their fibre bets as the race for dominance heats up.
JSE-listed telecommunications giant Vodacom has reported earnings before interest, taxes, depreciation and amortisation (Ebitda) growth across the group of 13.2% year-on-year to R45-billion, at a slightly lower margin of 37.9%, in the year ended March 31. The group’s earnings benefitted from higher service revenue of R93-billion, compared with service revenue of R79-billion posted in the prior financial year, and the acquisition of Vodafone Egypt, which was finalised in December last year.