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Vodacom Surpasses 10 Million Customers and Closes Year With 26.3B Meticals Revenue

Vodacom Surpasses 10 Million Customers and Closes Year With 26.3B Meticals Revenue

Mobile operator Vodacom has surpassed ten million active customers in Mozambique, with user growth of 20% in the year to last March.

According to a financial report by the international group Vodacom, the South African mobile telecommunications operator surpassed the ten million active customers barrier in September last year in Mozambique, having risen to more than 10.7 million by last March, compared to 8.9 million customers in the same month of 2022.

In the same period, the group recorded a growth in active customers of 8.9% in Tanzania (16.7 million), 35.6% in the Democratic Republic of Congo (21 million) and a drop of 9.1% in Lesotho (1.7 million), in addition to the 20% growth in Mozambique.

The operator announced this Wednesday (26) that it will present the new chairman of the board of directors (PCA) tomorrow in Maputo, without naming names. Nuno Quelhas had been appointed PCA of the operator in Mozambique in April 2020, for a three-year term, which now ends.

Still active in the country, where it has competition from Movitel and Tmcel, Vodacom recorded revenue of 26.3 billion meticais in fiscal year 2022, ending last March, a drop of 5.8% compared to the previous year.

The company has been operating in telecommunications in the country since 2003, having as shareholders Vodacom International (85%) and local partners, such as Empresa Moçambicana de Telecomunicações (1.99%), Intelec Holdings (6.5%) and Whatana Investments (6.5%).

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