Vodacom reaches 250 million customers across Africa

JOHANNESBURG - Shares in Vodacom have jumped by more than seven percent as investors cheer the company's results.

The telecom giant has reported a 26% increase in profits for the six months that ended in September.

Vodacom now has 250 million customers across the African continent -- an increase of 12 percent.

The company's results were boosted by its ownership of Kenyan telecoms company Safaricom.  

But Vodacom's controlling stake in Safaricom is currently subject to a legal battle in Kenya.

Vodacom says it will seek partners to build AI data centres in Africa.

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