We have appetite to grow: Vodacom

New Vodacom Group CEO, Shameel Joosub says the company has more of an appetite to grow than previously.

The group has often been criticised by analysts for its modest business model outside of South Africa, especially in comparison to rival, MTN.

Vodacom’s operations include networks in Tanzania, the Democratic Republic of Congo (DRC), Mozambique and Lesotho – while MTN Group is Africa’s leading telecommunications provider, operating in 21 countries across the region.

Speaking at a roundtable event in Sandton on Friday (28 September), Joosub said: “Where we are at the moment is that the international model for us is working extremely well and we are seeing really good results in our international entities. We have really got the operating model working well. So we are more confident in terms of new expansion opportunities.”

He continued: “Obviously , in the end it comes down to the right markets, the right market structure is extremely important…but certainly we do have an appetite to grow, more than maybe previously.”

“There is some opportunity still,” he said, but added that he could not elaborate for competitive reasons.

“There are a couple of opportunities that we are looking at. Once it is more real, then we can comment on that.”

He said that, while the group has been constantly approached over the years, “we are more open to it, the model is working, we are successful…we are more open to grow”.

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We have appetite to grow: Vodacom