July 23, 2020 / 5:27 AM / 23 days ago

Demand for data during lockdown boosts Vodacom's first-quarter revenue

JOHANNESBURG (Reuters) - South African mobile operator Vodacom Group reported on Thursday a rise of 7.6% in first-quarter group service revenue, buoyed by strong demand for voice, data and financial services in its domestic market during the lockdown period.

Vodacom, which is majority owned by Vodafone, said group service revenue grew to 18.7 billion rand ($1.14 billion)in the three months ended June 30, up from 17.4 billion rand in the comparable period last year.

Overall group revenue grew by 5.6%.

($1=16.4613 rand)

Reporting by Nqobile Dludla; Editing by Clarence Fernandez

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