VOD - Vodacom Group Limited - Trading Statement for the Quarter Ended 31

Release Date: 02/02/2011 13:06
Code(s): VOD
 
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VOD - Vodacom Group Limited - Trading Statement for the Quarter Ended 31 December 2010 VODACOM GROUP LIMITED Incorporated in the Republic of South Africa (`Vodacom Group` or `Vodacom`) Registration number 1993/005461/06, Share Code VOD ISIN ZAE000132577 TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2010 KEY HIGHLIGHTS SOLID GROUP PERFORMANCE Group revenue up 5.6%(*) (3.9% reported) Group service revenue up 4.8%(*) (4.0% reported) Group customers of 41.6 million, adding 2.2 million in the quarter STRONG COMMERCIAL SUCCESS IN SOUTH AFRICA Revenue up 4.7% Service revenue up 3.7%(*) (4.8% reported) Customers of 25.3 million, adding 1.4 million in the quarter More value offered with average effective price per minute down 22.4% Outgoing voice traffic up 36.2% to 6.3 billion minutes HIGH DEMAND FOR MOBILE DATA SERVICES IN SOUTH AFRICA Data revenue growth of 33.8%(*) (50.5% reported) 54.6% increase in data usage 8.7 million data users, 36.2% of the active customer base 2.1 million active data bundle users, up 245 000 from previous quarter IMPROVED GROWTH TRENDS IN INTERNATIONAL OPERATIONS Service revenue up 13.2%(*) (0.3% reported) Customers of 16.3 million, adding 784 000 in the quarter Challenging trading conditions in the DRC and Gateway PIETER UYS, CHIEF EXECUTIVE OFFICER, COMMENTED: "I`m pleased with the Group service revenue growth of 4.8%(*), against the backdrop of strong competition and headwinds from lower mobile termination rates. Our strategy of focusing on operational delivery and offering increased value to customers has paid off with Group customers increasing by more than two million to 41.6 million. In South Africa, the data business was a star performer with growth in mobile connect cards and smartphones driving a 33.8%(*) increase in overall data revenue. The International operations also continued to respond well to management actions with service revenue growth of 13.2%(*)." GROUP Group revenue and service revenue for the three months ended 31 December 2010 increased by 5.6%(*) and 4.8%(*) respectively, with continued robust performance in South Africa and a 36.2%(*) growth in Group data revenue. Reported Group revenue and service revenue growth was 3.9% and 4.0% respectively. Group customers increased 2.2 million in the quarter, resulting in total Group customers of 41.6 million at 31 December 2010. SOUTH AFRICA The South African operations posted solid revenue growth of 4.7% to R14 072 million, despite the 15.6% decline in interconnect revenue. Service revenue growth of 7.3%(*) (excluding the impact of MTR reduction) was supported mainly by the increasing contribution from data revenue and stronger customer and usage growth stimulated by focused pr
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