Vodacom profits, data revenue grow. Calls for WhatsApp regulation

South African mobile phone operator Vodacom on Monday reported a 6% rise in half-year profit, buoyed by sharp growth in data revenue.

Data revenue was up 33.5% as Vodacom increased 4G coverage in its home market, the company said.

Shares in Vodacom were up 1.52%.

In a Fin24 interview on Monday Vodacom CEO Shameel Joosub voiced his concerns about how apps such as WhatsApp are eating into Vodacom’s profits.

Joosub says Vodacom does not intend on blocking WhatsApp, but called for increased regulation from the Independent Communications Authority of South Africa.

The Money Show’s Bruce Whitfield interviewed Joosub.

Scroll down for quotes from the audio below.

I think MTN remains quite focussed on its operations in South Africa.

Shameel Joosub, Vodacom CEO

We operate in Nigeria.

Shameel Joosub, Vodacom CEO

Nigeria is a lucrative market, but assets there are expensive and there aren’t any sellers.

Shameel Joosub, Vodacom CEO

MTN’s fine is unheard of. I’m sure they'll find a solution.

Shameel Joosub, Vodacom CEO

Telkom’s bid for Cell C was a badly kept secret. It will be an incredible competitor.

Shameel Joosub, Vodacom CEO

South Africa is desperately in need of more fixed-line investment.

Shameel Joosub, Vodacom CEO

We help customers to get on the right data plan.

Shameel Joosub, Vodacom CEO

If you don’t close your apps, it’ll use up your data.

Shameel Joosub, Vodacom CEO

We’re focussing on opportunities in our existing markets.

Shameel Joosub, Vodacom CEO

We will increasingly focus on content such as video on demand and music streaming.

Shameel Joosub, Vodacom CEO

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This article first appeared on 702 : Vodacom profits, data revenue grow. Calls for WhatsApp regulation


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