Here follows a brief overview of two of South Africa's telecommunications companies:
Vodacom
Vodacom was founded in 1994 but only listed on the JSE in 2009. It operates in South Africa, Lesotho, Mozambique, Tanzania and the DRC.
They released their annual results today, Pieter Uys, Vodacom Group CEO commented:
“Our first year of
trading as the new red Vodacom has been a big success. Our customer base
has expanded 30% to 48 million, we’ve invested R8.7 billion in our
networks and we’ve achieved the number one net promoter score in South
Africa and in two out of our three measured International markets. From a
financial perspective, thanks to building the top line and also
managing costs, EBITDA is up 11% and HEPS is up 8%. The International customer base has now reached 19 million, an increase
of 36%, and this segment has passed the important milestone of
generating positive free cash flow. Overall, the team delivered a very solid performance and the platforms
for growth are well established. The 24% growth in Group free cash flow
supported a higher dividend of 710 cents and helped us deliver a 45%
total shareholder return.”
Current Share Price - R102.74
MTN
MTN was founded in 1994 and listed in 1995. They operate in South Africa, Swaziland, Zambia, Uganda, Rwanda, Botswana, Nigeria, Cameroon, Congo, Ivory Coast, Benin, Ghana, Guinea Bissau, Guinea, Liberia, Iran, Afghanistan, Cyprus, Sudan, Syria and Yemen.
On 7 March 2012 they released their annual results: Revenue for the year
ended 31 December 2011 increased to R121.9 billion (2010: R114.7
billion). Profit before tax jumped to R37.6 billion (2010: R28.1
billion), while profit attributable to equity holders of the company
rose to R20.8 billion (2010: R14.3 billion). Furthermore, headline
earnings per share grew to 1 068.6cps (2010: 760.6cps).
Current Share Price - R132.49
Read more on above at:
Standard Bank Securities
http://www.vodacom.com/news_article.php?articleID=1227&pid=press_ir
http://www.mtn.co.za/AboutMTN/Pages/MTNGroup.aspx
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