Vodacom’s revenue in the Tanzanian market grew by 45 per cent in this first quarter of the 2012/13

[R.B]

In Summary

• Vodacom’s revenue in the Tanzanian market in this first quarter of the 2012/13 financial year grew by an impressive 45 per cent, one of the best postings in Vodacom’s businesses around the continent.
  

Tanzania is emerging as a cash cow for telecom multinational Vodacom as its revenues from the South African market shrink, a new report shows.







Lower interconnection rates and increasing competition from its rivals including MTN has eaten into Vodacom’s market share in South Africa, but its Africa-wide operations have come in strongly to plug the revenue gap, driven largely by strong growth in data services.

The report by Bank of America, Merrill Lynch shows that Vodacom’s revenue in the Tanzanian market in this first quarter of the 2012/13 financial year grew by an impressive 45 per cent, one of the best postings in Vodacom’s businesses around the continent.

Only Mozambique performed better, at 60 per cent revenue growth. According to the analysts, price recovery and significant growth in data has brought in most of the cash — the company’s revenue from data in its Africa operations more than doubled in the past financial year, posting a 150 per cent growth rate.

Nearly half of all Tanzanian mobile subscribers are on the Vodacom network — a 47 per cent market share. Its closest rivals are Airtel, with a 27 per cent market share, and Tigo with a 21 per cent market share, according to data from Tanzania Communications Regulatory Authority.

“We estimate Vodacom continues to take market share in most of its non-SA markets,” the analysts say, projecting that growth in earnings before tax in the company’s Africa-wide businesses should improve from 20 per cent in the past financial year to 25 per cent this year.

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Vodacom’s performance at home has taken a beating with a cut in the mobile termination rate (MTR) — the cost of calling across mobile networks — pushing down prices by 26 per cent.

Still, the analysts report that Vodacom’s revenue from voice was “surprisingly resilient”, posting a 1.5 per cent growth, but growth in data revenues slowed significantly, posting a 10 per cent year-on-year growth compared to 18 per cent last quarter.

The company would do well to boost its non-South Africa businesses — last month, investment analysts Investec Asset Management advised Vodacom it should accelerate its African expansion if it is to narrow the gap with MTN, which has capitalised on Vodacom’s sluggishness to build a business three times larger.

MTN has 173 million users across 21 countries in Africa and the Middle East since the company began in 1994.

In contrast, Vodacom, started that same year, has only managed to enlist 50 million subscribers, 60 per cent of whom are in South Africa with the rest in Tanzania, Lesotho, Democratic Republic of Congo and Mozambique.

Vodacom has not entered a new market since it started operating in Mozambique in 2003. But rival MTN bought out Lebanese group Investcom in 2006 for $5.5 billion to gain customers in Sudan, Guinea, Benin, Guinea Bissau, as well as Afghanistan, Syria and Yemen—making it the largest mobile operator in Africa and the Middle East.

Other companies which present a formidable challenge to Vodacom in its Africa-wide market include Bharti Airtel, which in 2010 bought the African assets of Zain, Kuwait’s largest mobile phone operator, giving the New Delhi-based company operations in 16 African countries with 50 million subscribers, according to its website.

France Telecom, too, is a company that has been looking to expand its market share. Its Orange brand has operations in 18 African countries with an estimated 66 million users, though nearly half — 32.9 million — are in Egypt alone, according to the company’s website.

 

[Kieleweke]

Mwaka jana siku ya kufunga Bunge kama muda huu Waziri Mkuu alitoa list ya kampuni zinazoongoza kulipa kodi na Vodacom ilikosekana kwenye hayo 10.

Kuna tetesi kuwa hii ni moja ya kampuni inayoajiri wageni zaidi kuliko wenyeji tena kwa kazi ambazo wenyeji wana uwezo nazo. Kwamba kuna wahindi weusi wamejazana humo ni noma.

 

[Mwanahisa]

Sasa ni Vodacom au Vodafone ya uingereza?
Au wameuziana majina ili wapige tax holliday.

 

[FJM]

Nani ana list ya Board members wa Vodacom -Tanzania?

 

[Kamundu]

Sasa ni kwanini Bunge linapandisha bei ya simu??? . Sasa hivi kwasababu Tanzania tuna Cable gharama za simu na Internet zinatakiwa kuwa kama sawa sasa ni kwanini Gharama za simu hazijashuka badala yake zinapanda, Internet ni gharama ya juu sana! na huwezi kumuana Mtanzania anapiga simu nje ya nchi bila kuwa na gharama kubwa ya ajabu sasa Cable inasaidia vipi uchumi!. Voda inatengeneza pesa kwasababu Tanzania haijaweza kuingiza ushindani wa kweli na hakuna hata mtu mmoja ataweza kukueleza ni kwanini gharama za simu na inrtnet ziko juu sana

 

[MtamaMchungu]

Tungoje Tax returns

 

[armanisankara]

company zote kubwa hapa tanzania hazilipi kodi. wafanyabiashara dogo dogo ndo wanabanwa na mambo ya kodi.

 

[BabaDesi]

Nani ana list ya Board members wa Vodacom -Tanzania?

...Nami ningependa sana kuwajua hawa...

 

[kanga]

Dawa ya kuwabana wezi kama vodacom ni kuwalazimisha kujisajili stock market na ndipo uwazi na compliances nyingi zitafanyika ,kama ilivyo sheria ya mabenki.na kwa kuwa sasa makampuni ya cm ni quarsi benki sheria hii itumike kuwa na kuwa public co.ltd

 

[Nibembelezeni]

Nani ana list ya Board members wa Vodacom -Tanzania?

Mkuu,

Hata list ya wafanyakazi wa Vodacom na hata Kampuni zingine ni ya msingi. Ukiwa na list nzima ndipo utazimia kwani asilimia zaid ya 40 utagundua kuwa kazi za Vodacom zinafanywa na foreigners.

Wakati huohuo taifa linaendelea kuuchapa usingizi huku likiota ndoto za kupunguza ukosefu ajira kwa raia wa nchi hii wakati ajira zenyewe wanagawiwa hawa wageni ambao mmoja humu kasema ni wahindi weusi.

Hivi hzio kazi wanaxofanya wahindi weusi haziwezi kufanywa na watanzania wanaotembea na vyeti mtaani wakitafuta ajira na wanapokosa wanaandamana barabarani?

Taja pia list ya top menegement team ya kampuni kama hizi ndiyo suikie ninachokisema.