CORRECTED – Vodacom CFO: lower rates hit H1 revenue by $118 mln

(Corrects to show lower termination rates had an 800 million
rand impact on H1 revenue not 1.8 billion rand)

JOHANNESBURG, Nov 8 (BestGrowthStock) – South Africa’s lower mobile
termination rates had an 800 million rand ($118.1 million)
impact on Vodacom’s (VODJ.J: ) first-half revenue, the company’s
chief financial officer said on Monday.

Rob Shuter also told an investor presentation that the rates
had a 260 million rand impact on its earning before interest,
taxes, depreciation and amortization, or EBITDA, during the same
period.

South Africa has been cutting the fees mobile phone
companies charge to handle calls from other providers, which is
likely to hit earnings at domestic mobile operators.
(Reporting by Gugulakhe Lourie; Editing by David Dolan)

CORRECTED – Vodacom CFO: lower rates hit H1 revenue by $118 mln