#47: Vodacom - How the South African Telco became one of the largest telecommunications companies in Africa

Overview:  Today we’re going to talk about Vodacom - The South African telecommunications company. We’ll explore the Vodacom story across 5 areas:

1. South African telecoms sector context
2. Vodacom's early history
3. Vodacom's telco & non-telco businesses
4. Vodacom's operating & financial performance
5. Overall outlook

This episode was recorded on Mar 13, 2022

Companies discussed: Vodacom, Vodafone, Safaricom (M-Pesa), Telkom, MTN, Airtel & Glo

Business concepts discussed: Telecommunications (Telco) strategy, Mobile money, Internet connectivity, International telecommunication expansion, Mobile Virtual Network Operators (MVNO), Cell Towers spinoffs, Rain & Telco regulation

Conversation highlights:

• (00:45) - Vodacom context
• (07:50) - Vodacom early history
• (20:50) - Vodacom International expansion
• (38:04) - Vodacom’s telco business
• (45:44) - Non-telco businesses
• (55:50) - VodaPay and Safaricom (M-Pesa)
• (1:10:12) - Vodacom - Financials & customer
• (1:19:15) - Bankole’s overall thoughts and outlook
• (1:29:52) - Olumide’s overall thoughts and outlook
• (1:36:10) - Recommendations and small wins

Olumide’s recommendations & small wins:

• Recommendation: The Truman show: I rewatched this, it's marvelous, dystopian and funny. That movie is a work of art.
• Recommendation: I got a satchel aka man bag aka man purse. I like it, it works because I typically have too much shit to fit in my pockets
• Small win: Bankole's wedding in Chennai. It was epic
• Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com
• Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or Food, please contact me for funding at olumide@afrobility.com

Bankole’s recommendations & small wins:

• Recommendation: Good Economics for Hard Times by Abhijit Banerjee and Esther Duflo & Cold Outside - Timaya and Buju
• Small win: I got the new Macbook M1 Pro. Beautiful, sweet machine.
• Other content: Governance of Telecommunications: Two Decades of Reform in South Africa & Vodacom and DHL in Africa

Listeners, Operators & Investors: Email info@afrobility.com, we’d love to partner or get your feedback.

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