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.


















Calls for consolidation in the European mobile market grow louder by the week and four-operator markets look increasingly challenged. Now, those mobile operators that have already built scale seem to be suggesting that there is no option but to expand yet further through diversification.