Preshendran Odayar's questions to Vodacom Group Ltd / ADR (VDMCY) leadership • Q4 2023
Question
Preshendran Odayar from Nedbank questioned the impact of Vodacom's network investments on service revenue during load-shedding compared to a competitor, asked for specific network uptime statistics, sought clarification on enterprise revenue trends, and inquired about Vodafone's ability to sell its entire Vodacom stake privately.
Answer
CEO Shameel Joosub stated that network uptime is between 94-97%, which has helped performance, and that Vodafone has clearly communicated that its Vodacom stake is not for sale. Head of Investor Relations JP Davids clarified that Vodacom Business revenue was down mid-single digits in Q4 due to lapping prior-year one-off contracts.