South African mobile phone operator Vodacom Group Ltd on Thursday reported a 4.2 per cent rise in its first-quarter group revenue.
It growth from its international business is anticipated to affect local markets.
Group Chief Executive Shameel Joosub said in a statement in Johannesburg that the revenue rose to 21.5 billion rand (1.55 billion dollars) for the quarter ended June 30, and service revenue was up by 3.9 per cent at 17.4 billion rand.
In spite the impact of cyclones Idai and Kenneth in Mozambique, international service revenue increased by 19.6 per cent, largely driven by a 42.7 per cent.
Joosub said increase in revenue from Kenya’s Safaricom M-Pesa mobile financial services platform M-Pesa and data demand helped the firm.
