The South African telecommunication landscape makes vast contributions to the economy of South Africa. Vodacom Group Limited, an African mobile communications company headquartered in South Africa, together with other mobile networks derived revenues to the value of approximately R90.5 billion from their South African operations during the 2009 financial year. Worth noting is that Vodacom projected a market share that was estimated at 54.50% at the end of that year.
With much of its stake in South Africa, Vodacom whose clientele base is over 55 million, has spread its tentacles by including network in countries like Tanzania, the Democratic Republic of Congo, Mozambique, and Lesotho. Vodacom’s ownership is subject to 50:50 ratios between SA’s giant telecommunications group Telkom and British’s mobile operator Vodafone.
Back home in South Africa, Vodacom has an estimated market share of 58% and more than 23 million customers who enjoy its 3G, 4G and UMTS networks in South Africa.
The massive mobile operator provides a range of personal loans and services that includes phones and price plans and other promotions which allow clients to get prepaid voice bundles. Some its services includes internet services, mobile solutions, web hosting, business solutions, voice over IP and other latest solutions like one net express and LTE broadband.
Apart from the above services, Vodacom plays an important role in sport sponsorship. The tech firm sponsors the rugby union and soccer.