Vodacom Group reported a rise in quarterly service revenue, supported by strong performance in Egypt and other international markets. The South African telecoms operator said service revenue increased by about 13% year on year in the three months to December, reflecting sustained momentum outside its home market, Reuters reported.
Total service revenue reached roughly 34.6 billion rand ($2.17 billion) during the quarter, with international operations accounting for a growing share of sales. Egypt was the standout market, recording around 39% growth, as subscriber expansion and data usage continued to accelerate, figures released by the company showed.
Vodacom’s financial services business remained a key growth engine, with revenue from mobile money and related products rising nearly 25%. The group said transaction volumes across its platforms continued to climb, underscoring the role of digital services in offsetting pressure in more mature telecoms markets, as highlighted by MarketScreener.
In South Africa, service revenue growth was more modest at about 1.4%, reflecting a challenging consumer environment that weighed on prepaid customers. Analysts said the results highlight Vodacom’s increasing reliance on faster-growing international markets, particularly Egypt, to drive overall group performance.
