South Africa's Vodacom FY earnings fall as competition heats up

By Helen Nyambura-Mwaura JOHANNESBURG (Reuters) - South African telecoms company Vodacom reported an expected drop in full-year earnings on Monday as call connection rates fell, while its planned investment in data to stay competitive could squeeze future profits. Vodacom, majority-owned by Britain's Vodafone, said it would continue to expand its data network, having spent 13.3 billion rand ($1.1 billion) in the year to end-March or about 23 percent more than the previous year. Like other m