#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:

South African telecoms sector context

Vodacom's early history

Vodacom's telco & non-telco businesses

Vodacom's operating & financial performance

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 [email protected]

Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or Food, please contact me for funding at [email protected]

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 [email protected], we’d love to partner or get your feedback.

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