South Africa's Vodacom posts 6.3 pc rise in FY revenue on rising user base

A store belonging to Vodafone’s South African subsidiary, Vodacom. FILE PHOTO | NMG

South Africa’s telecoms operator Vodacom, which holds a 35 per cent stake in Safaricom #ticker:SCOM, posted a 6.3 per cent rise in full-year revenue on Monday as the country's biggest mobile phone operator by market value added more customers in its domestic market.

The company, majority owned by Britain’s Vodafone, added 7 million customers, including 4.5 million in South Africa, in the year ended March 31.

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