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<\/a><\/p>\nIn November 2021, Vodacom announced<\/span> a major step<\/span> forward in scaling its fibre offering in South Africa.<\/span> Through<\/span> the <\/span>acquisition of a 30% stake in<\/span> C<\/span>IVH fibre assets<\/span>,<\/span> with an optio<\/span>n to increase the stake to 40%,<\/span> Vodacom said it will gain exposure to highly <\/span>attractive and fast<\/span>–<\/span>growing business<\/span>es<\/span> including Vumatel and Dark Fibre Africa (DFA)<\/span>. <\/span><\/span><\/p>\n “Vodacom\u2019s capital injection<\/span> and strategic <\/span>support will further accelerate<\/span> the<\/span> growth trajectory<\/span> of these fibre assets<\/span>. Also, the contribution of Vodacom SA\u2019s wholesale FTTH<\/span>,<\/span> FTTB and Business<\/span>–<\/span>to<\/span>–<\/span>Business transmission access fibre network infrastructure<\/span> will add further scale and enh<\/span>ance CIVH\u2019s fibre<\/span> footprint<\/span><\/span>,” it said. <\/span>Vodacom has submitted regulatory filings in respect of the transaction to the Competition Commission and ICASA,\u00a0 initiating a process to obtain regulatory approval, said Joosub. South Africa results<\/strong><\/p>\n Mobile contract customer revenue increased 7.6% to R5.6 billion. The growth, Vodacom said, was supported by contract customer net additions of over 81,000 in the quarter and ARPU growth of 3.1% to R302.<\/p>\n For its prepaid segment, the group said it delivered a resilient performance underpinned by the summer campaign and net customer additions of 263,000. “Mobile prepaid customer revenue was flat, despite economic headwinds and a strong prior year comparative period (3Q21: 9.4%).”<\/p>\n In the prior-year period, prepaid ARPU reached R59 as customers increased usage during the more stringent lockdown restrictions. As these restrictions eased, prepaid ARPU normalised and in the current period was R57.<\/p>\n “Our data traffic growth rate accelerated to 25.9%, supported by work-from-home solutions and stimulated by the summer campaign. We added 0.5 million data customers in the quarter to reach 23.4 million data customers, representing 64.4% of our one- “The number of 4G devices on our network increased 14.7% to 17.3 million while the average usage per smart device increased 24.4% to 2.5GB per month. Service revenue from financial services was up 11.8% to R692 million, with customers up 5.6% to 13.9 million,” said Joosub.<\/p>\n Connected fibre customers increased 51% to over 165,000 homes and businesses, highlighting strong demand for the service, the chief executive said. “We have passed over 152,000 homes and businesses with our own fibre roll-out.”<\/p>\n Joosub said that Vodacom invested R2.3 billion in the quarter, with a focus on adding capacity to manage increased demand and improve the customer experience. “For the financial year to date we have invested R7.9 billion and expect to invest around R10.5 billion in the financial year.”<\/p>\n “Looking ahead, we are encouraged by the post-Covid-19 recovery taking place in many of the markets in which we operate and look forward to making meaningful contributions to foster economic development,” Joosub said.<\/p>\n
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\nmonth customer base. Smart devices on our network were up by 11.3% to 25.9 million.<\/p>\n<\/a><\/p>\n