Vodacom raises operating growth target on int'l business, Safaricom boost

📆 18.05.2021 20:15:00
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Vodacom Group Ltd, SA's second biggest telecoms operator, upgraded its medium-term operating growth target to mid-to-high-single digit on Tuesday, after reporting a 3.7% jump in full-year earnings.

Service revenue growth was"underpinned by the recovery in our international portfolio in the second half of the year and strong growth from our prepaid and enterprise segments, financial services and other new services in South Africa", Vodacom said.

These helped to offset numerous initiatives such as a 3 billion rand service revenue impact of lowering data pricing in the country.

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