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Vodacom Group Ltd (VODJ.J)

VODJ.J on Johannesburg Stock Exchange

16,745.00ZAc
26 May 2017
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385.00 (+2.35%)
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16,360.00
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Latest Key Developments (Source: Significant Developments)

Vodafone sees cash flow improvement as regulation, capex ease
Tuesday, 16 May 2017 03:05am EDT 

May 16 (Reuters) - Vodafone :Cfo says free cash flow step-up driven by growth in organic business as capex normalises.Cfo says goal is continuing dividend cover, ceo says sees balance between investment needs and shareholder rewards.Cfo says regulation will weigh on service revenue growth in Europe in fy18, drag of about 1 percent point.Ceo says service revenue in uk "flattening", enterprise remains highly competitive.Ceo says operational improvements in uk now visible.Ceo says no plans to move out of the uk after brexit, for vodafone brexit does not make a big difference.Ceo says no plan to put Ghana, other african units into Vodacom vodj.j at the moment.Cfo says India could quickly rebound.  Full Article

Vodacom says full-year HEPS at 923 cents vs 883 cents yr ago
Monday, 15 May 2017 01:58am EDT 

May 15 (Reuters) - Vodacom Group Ltd ::Vodacom group ltd - heps 923 cents versus 883 cents year ago.Vodacom group ltd - fy data revenue grew 19.7 percent to r20 696 million.Vodacom group ltd - fy group data revenue up 16.4%, supported by strategy of data network investment and device migration.Vodacom group ltd - fy group capital expenditure of r11 292 million.Vodacom group ltd - final dividend per share of 435 cents, taking total dividend to 830 cents per share for year.Vodacom group ltd - target group service revenue growth of mid-single digit, previously low-to-mid single digit, over next three years.Vodacom group ltd - target group ebit growth of mid-to-high single digit and capital intensity of 12-14% of group revenue over next three years.Vodacom group ltd - change to fy ebit target reflects change in management short-term incentive targets, which are now based on ebit, previously ebitda.Vodacom group ltd - key growth areas remain robust, including data, for which customer demand remains strong.  Full Article

Vodacom to buy 34.94 pct stake in Kenya's Safaricom from Vodafone
Monday, 15 May 2017 01:30am EDT 

May 15 (Reuters) - Vodacom Group Ltd :Will acquire 34.94% indirect interest in Safaricom from Vodafone by acquiring 87.5% of issued share capital of Vodafone Kenya.Under the deal, Vodafone will subscribe for new Vodacom Group shares.Safaricom is owned by government of Kenya (35%), Vodafone Kenya (39.93%), public investors (25%) and Safaricom Employees (0.07%).Purchase consideration is sum of amount equal to subscription price for 226.8 million new Vodacom shares, which will be set off against same amount of purchase consideration, and max amount of kes393.75 million (r51 million) in cash.Transaction offers opportunity to diversify Vodacom group's economic exposure and earning's profile in a single transaction.Vodacom group intends to maintain its dividend policy.Vodacom group board appointed a committee consisting of independent directors who have unanimously approved proposed transaction.Company appointed an independent expert, Deloitte & Touché, to provide a fairness opinion on proposed transaction.Interest in Safaricom to contribute about 15% of its earnings (before amortisation for fair value adjustment of assets on acquisition).As at signature date, subscription price amounts to r34.6 billion, based on Vodacom group share price on Friday 12 may 2017.As a result of issue of new Vodacom Group shares to Vodafone, interest held by Vodafone in Vodacom Group will increase from 65.0% to 69.6%.Vodafone will retain a 12.5% non-controlling interest in Vodafone Kenya.  Full Article

Vodacom Group FY HEPS rises to 923 cents
Monday, 15 May 2017 01:06am EDT 

May 15 (Reuters) - Vodacom Group Ltd :FY HEPS 923 cents versus 883 cents year ago .FY South Africa data revenue grew 19.7 percent to r20 696 million .FY group data revenue up 16.4%, supported by strategy of data network investment and device migration.FY group capital expenditure of r11 292 million.Final dividend per share of 435 cents, taking total dividend to 830 cents per share for year.Target group service revenue growth of mid-single digit, previously low-to-mid single digit, over next three years.Target group EBIT growth of mid-to-high single digit and capital intensity of 12-14% of group revenue over next three years.Change to FY EBIT target reflects change in management short-term incentive targets, which are now based on EBIT, previously EBITDA.Key growth areas remain robust, including data, for which customer demand remains strong.  Full Article

Vodacom says independent chairman Peter Moyo will step down
Monday, 3 Apr 2017 11:05am EDT 

Vodacom Group Ltd : Peter Moyo, independent chairman will retire and step down from board at AGM to be held on July 18 .Moyo will be joining Old Mutual Emerging Markets as its CEO in June 2017.  Full Article

Vodacom says to raise 476 mln Tanzanian schillings in Vodacom Tanzania IPO
Tuesday, 28 Feb 2017 07:16am EST 

Vodacom Group Ltd : Initial Public Offer - Vodacom Tanzania Plc .IPO consists of an issue of 560,000,100 new Vodacom Tanzania ordinary shares to raise 476 million Tanzanian schillings.  Full Article

Vodacom says Q4 revenue up 1.2 pct
Wednesday, 1 Feb 2017 12:16am EST 

Vodacom Group Ltd : Qtrly Group service revenue up 1.3% to R17 443 million with revenue up 1.2% to R21 222 million . Added 1.6 million group active customers during quarter, 690 000 in South Africa and 876 000 in international operations . Vodacom Group - international service revenue declined 8.2% to R4 206 million; impacted by customer registration processes and currency volatility .In international operations effect of customer disconnections in Q4 of prior year are still impacting performance.  Full Article

Vodacom says HEPS for six months to Sept.30 flat at 440 cents
Monday, 14 Nov 2016 12:05am EST 

Vodacom Group Limited : For six months to Sept.30, headline earnings per share (heps) flat at 440 cents per share . Group delivered solid service revenue growth of 5.3 pct, led by a 2.3 million increase in active customers since march 2016, mostly in south africa. . For six months to sept.30, group service revenue up 5.3 pct (4.5 pct.) and group revenue up 4.1 pct (3.5 pct.) . For six months to sept.30, group data revenue up 18.7 pct, supported by strong network investment . For six months to sept.30, group ebitda grew 4.1 pct (5.6 pct.) to r15 278 million with margins flat at 38.1 pct . Negatively impacted by a tax adjustment in tanzania and foreign currency impacts. Excluding these and prior year loss from associate, heps grew 3.5 pct . Interim dividend per share of 395 cents . For six months to sept.30, international operations' service revenue grew 5.4 pct (2.3 pct.); impacted by customer registration processe . We maintain our targets of low to mid single-digit group service revenue growth, mid to high single-digit group ebitda growth .Maintain group capital expenditure of 12-14 pct of group revenue in medium term.  Full Article

Vodacom announces 15 year partnership deal with PRASA
Thursday, 22 Sep 2016 10:00am EDT 

Vodacom Group Ltd : Announces fifteen year strategic partnership agreement with PRASA (Passenger Rail Agency of South Africa) . Contract, through its subsidiary intersite asset investments, with an estimated total value of over R1 billion Further company coverage: [VODJ.J] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Vodacom says qtrly revenue up 5.8 pct to 19.9 bln rand
Thursday, 21 Jul 2016 02:00am EDT 

Vodacom Group Ltd : jse: vod - quarterly update for the period ended 30 june 2016 . Group data revenue increased 19.4% to r5.79 billion, representing 34.4% of service revenue for quarter ended 30 june . Group service revenue up 7.3% (4.6%.) to r16 806 million with revenue up 5.8% (3.4%.) to r19 902 million for quarter ended 30 june . Group active customers declined 2.6% to 61.8 million for quarter ended 30 june .South africa revenue growth of 5.6% to r12.43 billion, south africa active customer growth up 5.4% to 35.1 million for quarter ended 30 june.  Full Article

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UPDATE 3-Vodafone's South African arm Vodacom takes over $2.6 bln stake in Kenya's Safaricom

* Vodafone hopes to expand M-Pesa money transfer business (Adds further comments by Vodacom CEO, analyst)