ITWeb TV: Capitec Connect looks to double subscriber count | Episode #101
Capitec Connect is aiming for tighter integration with Cell C to enhance service delivery and grow its mobile customer base.
The firm’s revenue was up 3.8% to R10.6 billion in the second quarter, boosted by growth in data consumption and its fibre business.
Vodafone Egypt contributed over R1.8 billion to group service revenue and was a key factor in lifting the company’s performance in the third quarter of 2023.
The telephony group introduces 5G data plans as a wireless broadband service offering for the home and office.
The telco sees a significant increase in subscribers, with the addition of 3.9 million customers in the third quarter, bringing total subscribers to 75 million.
Telkom sees an 86% increase in its mobile subscribers and now has 9.7 million customers in SA.
As SA's two biggest mobile operators continue to attract customers, ITWeb drills into the rise and fall of their subscriber numbers over the past year.
South African service revenue declined 0.9% in the quarter ended 31 December, but Vodacom's international operations helped the group's overall revenue tick up.
Affordability issues and a young population decelerate mobile subscriber growth in Sub-Saharan Africa, according to a GSMA report.
Vodacom has the highest average revenue per user out of SA's mobile networks and also has by far the most customers.
Over the past five years, the telco giant has lost market share in SA and Nigeria as well as several other markets.
The mobile operator made a net loss of R588 million in the first half of 2017, despite growing revenue by 11% and adding 1.7 million new subscribers.
The telco's latest quarterly update shows a drop in group revenue and a decline in subscriber numbers.