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-0.0195716034271726 -0.0195716034271726 -0.0195716034271726 -0.0195716034271726 -0.00611995104039155 -0.00611995104039155 -0.00611995104039155 -0.00611995104039155
Stock impact report

UPDATE 1-South Africa's Vodacom Q1 revenue rises on international business [Reuters]

VODACOM GROUP LTD S/ADR (VDMCY) 
NASDAQ:AMEX Investor Relations: vodacom.com
Company Research Source: Reuters
South Africa's Vodacom first-quarter revenue rises on international business - Reuters 2 Min Read JOHANNESBURG (Reuters) - South African mobile phone operator Vodacom Group Ltd ( VODJ.J ) on Thursday reported a 4% rise in first quarter revenue as growth from its international business offset a lacklustre performance at home, sending its shares up 2%. Group revenue rose to 21.5 billion rand ($1.55 billion) for the quarter ended June 30, with service revenue up 3.9% to 17.4 billion rand. Despite the impact of cyclones Idai and Kenneth in Mozambique, international service revenue jumped 20%, largely driven by a 42.7% increase in revenue from Kenya’s Safaricom ( SCOM.NR ) M-Pesa mobile financial services platform and data demand, the company said. Vodacom and Safaricom plan to acquire the intellectual property rights of M-Pesa from Britain’s Vodafone ( VODJ.J ) in a 12 million euro deal that will let both purchasers make significant savings in royalties paid to Vodafone and expand t Show less Read more
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