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SA data pricing transformation key to future growth – Vodacom

By: Natasha Odendaal     31st May 2019 A successful data pricing transformation and reducing the cost to communicate will be key for the future growth of telecommunications giant Vodacom. The initial financial impacts of further reducing the cost-to-communicate in South Africa, combined with costs associated with concluding its new... 

Vodacom to buy IoT.nxt to accelerate IoT strategy

By: Natasha Odendaal     24th May 2019 JSE-listed Vodacom is planning to acquire a majority stake in end-to-end Internet of Things (IoT) solutions provider IoT.nxt for an undisclosed amount to provide traction for its own IoT strategy and transform its dedicated IoT business unit. The acquisition will enable Vodacom to operate across... 

Kenya's Safaricom CEO Bob Collymore to stay an extra year in post

By: Reuters     23rd May 2019 The chief executive of Safaricom, Bob Collymore, said on Thursday that he will stay on in his role for an extra year at Kenya's biggest telecoms operator. "I'm here until the year 2020," Collymore told reporters on the sidelines of a meeting. He was due to step down in August. 

Vodacom reports full-year profit decline, but rise in service revenue 

By: Natasha Odendaal     13th May 2019 JSE-listed Vodacom on Monday posted muted growth in earnings and a rise in service revenue for the financial year ended March 31. The telecommunications giant reported earnings a share of 867c for the 12 months under review, an 8.7% decline on the prior year, along with a 6.6% year-on-year... 

Kenya's Safaricom FY earnings jump on upbeat M-Pesa growth

By: Reuters     3rd May 2019 Safaricom, Kenya's biggest telecoms operator, said on Friday its core earnings for the full year rose to 89.6-billion shillings ($889.33-million). The company had reported an earnings before interest and taxation (EBIT) of 79.3 billion shillings in the previous year. 

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