Vodacom earnings fall 6.6% on black share scheme

It also updated its medium-term capital expenditure target to reflect the IFRS 15 accounting standard and also changed its profitability target to operating profit from earnings before interest and taxes to include the benefits of the Kenyan Safaricom acquisition.

Vodacom, which competes with MTN group and Telkom , said group service revenue jumped 5 percent, led by a strong performance overseas.

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