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South Africa: Vodafone Egypt deal instantly boosts Vodacom’s revenue

By Xolisa Phillip, in Johannesburg

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Posted on February 6, 2023 11:46

© A branch of South African mobile communications provider Vodacom in Cape Town is shown in this picture taken November 10, 2015. REUTERS
A branch of South African mobile communications provider Vodacom in Cape Town is shown in this picture taken November 10, 2015. REUTERS

Newcomer Vodafone Egypt made a positive contribution to Vodacom Group revenue in the quarter ended in December 2022, according to the South African headquartered telco.

In the period under review:

  • Vodafone Egypt contributed more than R1.8bn ($102m) to group revenue.
  • The group generated R30.7bn in revenue attributable to the Vodafone Egypt transaction and rand weakness against Vodacom’s basket of international currencies.
  • Financial services revenue increased 30% to R2.6bn.

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