Leading cellular network operator Vodacom connected its 20 millionth subscriber in South Africa on 10 May.
"We have reached this important milestone within 12 years, 1 June 1994 being the date that Vodacom and MTN commercially launched their networks," said Alan Knott-Craig, CEO of the Vodacom Group.
He said Vodacom had a 57% market share in South Africa. "We are fast approaching the day when every South African will own a cellphone. South Africa has demonstrated its ability to innovate and create business models which have resulted in remarkable market growth, far exceeding the world`s expectations."
Outside of China, India and the US, Vodacom South Africa is now the second largest company by customers in the Vodafone Group, larger even than Vodafone UK.
Knott-Craig said Vodacom had invested some R25 billion in network infrastructure in South Africa to date, providing coverage to 96% of the population.
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