Vodafone Share Discussion Threads

[davius] 13/5/2024 16:44

VOD unable to hold on to 70p. Again. A bit more on Vodacom from today...

Vodacom, a mobile network operator, has reported increased service revenue for the fiscal year ended March 31, 2024. Vodacom South Africa generated R61.6 billion ($3.36 billion), in service revenue, up 2.6% from the previous year. Vodacom revealed that R11.1 billion ($606 million) was invested in network resilience, new spectrum assets, and IT platforms. Previously, it invested R11.17 billion ($639 million) in 2022/23 and R11.15 billion ($628 million) the year before. Vodacom acknowledged reaching over 200 million customers, stating that the milestone occurred in a year when the company celebrated three decades of operation.

Vodacom stated that its Egypt acquisition, combined with South Africa's performance as its largest market, resulted in a 29.1% increase in the group's service revenue. Thus, Egypt now serves 48.3 million customers, up 6.2%. It saw a 10.9% increase in data customers, which led to a 41.8% increase in data traffic.

Consequently, Shameel Joosub, Vodacom Group CEO said, “We are encouraged by the meaningful steps taken by Egypt's government to support economic growth through foreign direct investment and foreign exchange liquidity. Pleasingly, the dividend declared by Egypt to the Group in the first half of the financial year was repatriated to South Africa in March 2024.”

Integrating new services, including the consumer contract segment and prepaid mobile data, fueled revenue growth. New services, including digital and financial, fixed and IoT, contributed 20.0% of group service revenue. In South Africa, new services increased by 11.2%, accounting for R10.2 billion ($556 million), or 16.6% of service revenue.

Its financial services customers increased by 11.8% to 78.9 million, with an annual transaction value of $381.2 billion.

“The 7.9% service revenue increase from financial services to R3.2 billion [$174 million] was largely driven by our insurance business and payments, while Airtime Advance remained an important enabler of digital inclusion,” the CEO said.

Furthermore, it reported a 10.8% drop in headline earnings of 846 cents per share (cps), impacted by events such as several start-up losses in Ethiopia, higher finance and energy costs, and lower exchange rates.

Safaricom reports $1.07 billion in earnings, surpassing market expectations
Vodacom's VodaPay concluded the period with 10.4 million downloads and 5.8 million registered users. Meanwhile, Vodacom announced in November 2023 that it would replace the My Vodacom smartphone app with VodaPay, its super app, early in 2024 to provide customers with a unified interface for interacting with Vodacom and its partner companies' services.

Besides, it intends to enable affordable connectivity through the proposed acquisition of a joint venture stake in Maziv, a South African fibre company. The transaction is pending review as of May 20, 2024.

Maziv stated in August 2023 that the Commission's recommendation to prevent the Vodacom acquisition does not end the merger process, and it will approach the Competition Tribunal to present information and make its case for the merger's approval.

Meanwhile, M-Pesa revenue increased by 21.4% across Vodacom's markets in the Democratic Republic of Congo, Lesotho, Mozambique, and Tanzania, accounting for 26.5% of international business service revenue.

[time 2 retire] 13/5/2024 16:24

The usual afternoon collapse!

[thunders] 13/5/2024 13:59

Monday: Vodacom Group Ltd. (VOD SJ), Africa’s largest wireless carrier, declared a full-year dividend that missed estimates even as revenue and operating profit grew by more than 20%.

[wendsworth] 13/5/2024 11:59

No upward share price price action in twelve months. Anticipate a move to 75p tomorrow on Finals. If these are positive then, following last week's 'green light', U.S telcos will make a move sooner rather than later. Looking to take out for 100p ..then slice and dice the assets. They've been 'running the rule' over VOD for some time. Elon Musk enterprise said to be interested previously.

[thunders] 13/5/2024 11:35

From Feb 2024 to today date this is 6th time price has risen to 70p!!!

[veryniceperson] 13/5/2024 10:49

Do you think somebody had a peak at results?

[philanderer] 13/5/2024 10:00

C'mon VOD , through 70p :-)

[simon8] 10/5/2024 09:52

Thanks, so a while to wait for the final go no go decision, maybe they will report early but that is I guess highly unlikely; perhaps one of the US major telcos will snap up Vod in the interim, here's wishing!

[watfordhornet] 10/5/2024 08:54

The US opening this afternoon will put paid to that no doubt

[laurence llewelyn binliner] 10/5/2024 08:50

#Simon8 - CMA phase 2 - statutory deadline to publish final report 18 September 2024..

[simon8] 10/5/2024 08:46

Still waiting for the regulatory approval... will they won't they.... how long is it going to take for them to come to a decison?

[davius] 10/5/2024 08:44

Vodafone at the top of the FTSE 100 risers chart this morning.

There's something you don't see very often.

[philanderer] 10/5/2024 00:15

Vodafone told to boost security as £15bn Three merger is given the green light

[astorcourt] 09/5/2024 21:42

Will this news have any positive impact on the ongoing regulator review?

[wllmherk] 09/5/2024 20:57

time 2 retire, do you have a link, where are you getting this information?

wllm :)

[barnes4] 09/5/2024 20:52

What does this mean for shareholders?

[time 2 retire] 09/5/2024 20:50

Vodafone and 3 merger allowed with conditions.... UK government says.

[barnes4] 09/5/2024 20:32

Why so confident portside?

[chiefbrody] 09/5/2024 17:34

Considerably less here but my first ever purchase in VOD.Shirley these (and BT) cannot continue to be the Black Swans of the FTSE forever.

[portside1] 09/5/2024 16:22

Over the last 4 days I have added over 53000