Vodacom has increased its capital expenditure for its South Africa network expansion by 11.1% to R5.6 billion in the six months to end September 2021.
The Vodafone-owned telco said the capital expenditure was directed at improving the capacity and resilience of the network and increasing the 5G roll-out.
“We now have 97.7% (1H21: 96.4%) 4G population coverage and have extended our 5G sites to 521.”
The company added that in the current financial year it will invest more than R10.5 billion into its world-class network, in addition to the R47 billion spent over the past five years alone.
“This is particularly relevant at a time when many of our customers continued to work, entertain, and educate from home,” Vodacom informed investors.
During the period under review, Vodacom also reported that its South Africa operation delivered service revenue growth of 3.6% driven by connectivity demand, an additional 1.1 million data customers, incremental wholesale revenue and growth in new services.
“This was an impressive result given the demanding comparative associated with lockdowns in the prior period,” said Vodacom.
“Vodacom Business delivered another strong performance in the period under review, with service revenue increasing by 11.5% to R8.5 billion while revenue generated from financial services in South Africa increased by 15.0% to R1.3 billion.”