Vodafone Egypt deal bumps up S.Africa's Vodacom quarterly revenue

Vodacom Group (VODJ.J) said on Tuesday its third-quarter revenue rose 14.8%, supported by the South African telecoms operator's acquisition of Vodafone Egypt.

Vodacom, majority-owned by Britain's Vodafone (VOD.L), said group revenue rose to 30.7 billion rand ($1.76 billion) in the quarter ended Dec.31. On a normalised basis, revenue grew 4.7%.

Vodafone Egypt was consolidated from Dec. 8, contributing over 1.8 billion rand to group service revenue and was a key factor, alongside currency gains, in the 16.1% growth in group service revenue, Shameel Joosub, Vodacom Group CEO said.