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Segment Performance |
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| MOBILE OPERATING REVENUE |
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Year ended |
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March 31, |
Six months ended September 30 |
| In ZAR millions |
2006 |
2005 |
2006 |
% |
| Airtime and access |
10,043 |
4,791 |
5,656 |
18.1 |
| Data |
1,019 |
447 |
722 |
61.5 |
| Interconnect1 |
3,348 |
1,593 |
1,861 |
16.8 |
| Equipment sales |
1,993 |
955 |
1,156 |
21.0 |
| International airtime |
486 |
242 |
278 |
14.9 |
| Other |
132 |
60 |
60 |
– |
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17,021 |
8,088 |
9,733 |
20.3 |
| 1. |
Interconnect revenue includes revenue from Telkom fixed-lines of R712 million (September 30, 2005: R715 million), which is eliminated on consolidation |
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Operating revenue from the mobile segment increased 20.3%, before inter-segmental eliminations, to
R9,733 million (September 30, 2005: R8,088 million), primarily driven by customer growth partially offset
by declining Average Monthly Revenue Per User (ARPUs) in all operations. Revenue from Vodacom’s
operations outside of South Africa as a percentage of Vodacom’s total mobile operating revenue increased
to 9.7% to R943 million (September 30, 2005: R706 million).
The growth in revenue can largely be attributed to a 34.7% increase in Vodacom’s total customers to
25,8 million as of September 30, 2006, (September 30, 2005: 19,1 million), resulting from strong growth in
prepaid and contract customers in South Africa and 65.8% growth in customers outside of South Africa. In
South Africa, total ARPUs decreased 15.6% to R124 (September 30, 2005: R147) for the six months ended
September 30, 2006. Contract ARPUs decreased 10.2% to R528 (September 30, 2005: R588) and prepaid
ARPUs decreased 14.1% to R61 (September 30, 2005: R71) for the six months ended September 30, 2006.
Vodacom’s continued focus on the implementation of upgrade and retention policies in the six months ended
September 30, 2006, ensured contract churn of only 11.0% (September 30, 2005: 9.3%). Prepaid churn
of 47.7% for the six months ended September 30, 2006, (September 30, 2005: 18.7%) was largely the
result of a once-off rule change to disconnect 2.4 million SIM cards, which were only carrying call forward
traffic to voicemail.
Data revenue increased 61.5% and represents 7.4% of mobile revenue. The growth was largely due to the
popularity of SMS and data initiatives such as 3G, HSDPA, Blackberry ® Mobile TV, Vodafone live! as well
as other data products. Vodacom South Africa transmitted 2.2 billion SMS messages (September 30, 2005:
1.5 billion over its network during the six months ended September 30, 2006.
Mobile interconnect revenue increased by 16.8%, primarily due to an increase in the number of fixed-line
calls terminating on Vodacom’s network as a result of the increased number of Vodacom customers and
South African mobile users.
Equipment sales increased 21.0% primarily due to the growth of the customer base and cheaper handsets
combined with added functionality of new phones based on new technologies. South African handset sale
volumes increased by 22.2% to 2,2 million units (September 30, 2005: 1.8 million).
Vodacom’s international airtime revenue is largely international calls by Vodacom’s customers, roaming
revenue from Vodacom customers making and receiving calls while abroad and revenue from international
customers roaming on Vodacom’s network. International airtime revenue increased 14.9%. |
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