Wednesday, July 22, 2009

Vodacom Sees Slowing Growth

Southern African mobile operator Vodacom Group saw organic revenue growth of 6% year-on-year to 14.2 billion South African rand (1.84 billion US dollars) in the quarter ending June 30 as group customers rose 20% to 41.3 million. “We expect customer growth to slow in the remaining quarters [of 2009] as customer registration is now required in our three largest markets," said Pieter Uys, CEO of Vodacom. source: Vodacom Group

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