Vodacom still pleased with Gateway
Six months after rebranding, Vodafone’s South African affiliate, Vodacom, has turned in what Frost & Sullivan described as “a solid set” of financial results for the six months to the end of September, with total group revenue rising to R31.7bn (€2.9bn) from R29.5bn. Mobile data revenue was up 31.1 per cent year on year and EBITDA 7.6 per cent higher to R10.5bn on the back of a 38 per cent growth in data customers. Yet subsidiary Gateway Communications continued to drag on the company’s operating profit with an R318m impairment charge over the period.